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

Key Points

• National Bankshares has increased the price target for CT Real Estate Investment Trust (TSE:CRT.UN) from C$15.95 to C$17.20, indicating a potential upside of 6.90%.
• Other firms, including Raymond James and Desjardins, have also raised their price targets for CRT.UN, with the current consensus rating still at "Hold".
• CT Real Estate Investment Trust primarily generates revenue from leasing properties to Canadian Tire Corporation, focusing on retail properties across Canada.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its price objective upped by equities researchers at National Bankshares from C$15.95 to C$17.20 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. National Bankshares' target price points to a potential upside of 6.90% from the company's previous close.

A number of other research firms also recently issued reports on CRT.UN. Raymond James Financial boosted their price objective on shares of CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the company a "market perform" rating in a report on Thursday, August 7th. Desjardins boosted their price objective on shares of CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the company a "hold" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$17.00 and gave the company a "sector perform" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$16.70.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN stock traded down C$0.10 during midday trading on Wednesday, hitting C$16.09. 55,848 shares of the company were exchanged, compared to its average volume of 157,510. The firm has a market capitalization of C$3.82 billion, a P/E ratio of 10.45, a PEG ratio of 0.76 and a beta of 0.92. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The firm's 50 day moving average price is C$16.12 and its two-hundred day moving average price is C$15.60. CT Real Estate Investment Trust has a 52 week low of C$13.42 and a 52 week high of C$16.62.

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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