National Bankshares Forecasts Strong Price Appreciation for CT Real Estate Investment Trust (TSE:CRT.UN) Stock

Key Points

• National Bankshares has raised its price target for CT Real Estate Investment Trust (TSE:CRT.UN) from C$15.75 to C$15.95, suggesting a potential upside of 0.76% from its current price.
• Other analysts have also increased their price targets, with Desjardins setting it at C$16.50 and Raymond James at C$17.00, while Scotiabank assigned an "outperform" rating.
• CT Real Estate Investment Trust's stock price rose 1.8% to C$15.83, and the company boasts a market capitalization of C$1.71 billion with its primary revenue coming from leases to Canadian Tire Corporation.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its price target lifted by investment analysts at National Bankshares from C$15.75 to C$15.95 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. National Bankshares' price target indicates a potential upside of 0.76% from the company's current price.

A number of other brokerages have also recently commented on CRT.UN. Desjardins boosted their price target on CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the stock a "hold" rating in a research report on Thursday. Raymond James Financial raised their target price on CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the stock a "market perform" rating in a report on Thursday. Finally, Scotiabank raised their price target on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$16.33.

CT Real Estate Investment Trust Stock Up 1.8%

TSE:CRT.UN traded up C$0.28 on Thursday, hitting C$15.83. The stock had a trading volume of 148,760 shares, compared to its average volume of 155,105. The business's fifty day moving average is C$15.83 and its 200 day moving average is C$15.09. The company has a market cap of C$1.71 billion, a PE ratio of 17.21, a P/E/G ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a 52 week low of C$13.42 and a 52 week high of C$16.48.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores.

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