National Bankshares Boosts CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$15.95

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 target price lifted by analysts at National Bankshares from C$15.75 to C$15.95 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. National Bankshares' price target indicates a potential upside of 1.08% from the company's previous close.

Several other analysts also recently issued reports on CRT.UN. Raymond James Financial lifted their target price on CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the company a "market perform" rating in a research note on Thursday. Desjardins increased 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. Finally, Scotiabank boosted their price objective 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. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of "Hold" and an average price target of C$16.42.

CT Real Estate Investment Trust Price Performance

CRT.UN traded up C$0.07 during trading on Thursday, reaching C$15.78. 134,803 shares of the company were exchanged, compared to its average volume of 155,274. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The company has a market cap of C$1.71 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a 12-month low of C$13.42 and a 12-month high of C$16.48. The company's 50-day moving average is C$15.83 and its two-hundred day moving average is C$15.14.

CT Real Estate Investment Trust Company Profile

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.