CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$17.00

Key Points

• Raymond James Financial has increased the price target for CT Real Estate Investment Trust stock from C$16.75 to C$17.00, indicating a potential upside of 7.39%.
• CT Real Estate Investment Trust is primarily focused on retail properties in Canada, with most revenue coming from leasing to Canadian Tire Corporation.
• The stock has a current market cap of C$1.71 billion and a twelve-month trading range of C$13.42 to C$16.48.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its target price boosted by research analysts at Raymond James Financial from C$16.75 to C$17.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a "market perform" rating on the real estate investment trust's stock. Raymond James Financial's price target would suggest a potential upside of 7.73% from the company's previous close.

A number of other equities analysts also recently weighed in on CRT.UN. Scotiabank boosted their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. National Bankshares boosted their price objective on CT Real Estate Investment Trust from C$15.50 to C$15.75 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of "Hold" and a consensus price target of C$16.42.

CT Real Estate Investment Trust Trading Up 0.4%

CT Real Estate Investment Trust stock traded up C$0.07 during mid-day trading on Thursday, hitting C$15.78. 134,803 shares of the stock 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. CT Real Estate Investment Trust has a 12 month low of C$13.42 and a 12 month high of C$16.48. The firm's fifty day simple moving average is C$15.83 and its two-hundred day simple moving average is C$15.14. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.76 and a beta of 1.00.

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.