CT Real Estate Investment Trust (TSE:CRT.UN) PT Lowered to C$14.50 at Desjardins

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its price target lowered by analysts at Desjardins from C$15.00 to C$14.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Desjardins' target price suggests a potential upside of 4.39% from the company's current price.

Separately, BMO Capital Markets raised their price objective on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, CT Real Estate Investment Trust currently has an average rating of "Hold" and an average price target of C$15.93.

CT Real Estate Investment Trust Trading Up 2.7 %

Shares of CRT.UN traded up C$0.37 during midday trading on Wednesday, hitting C$13.89. The stock had a trading volume of 287,936 shares, compared to its average volume of 134,738. The business has a 50-day simple moving average of C$13.72 and a two-hundred day simple moving average of C$14.00. The company has a current ratio of 0.09, a quick ratio of 0.10 and a debt-to-equity ratio of 77.50. The firm has a market cap of C$1.50 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. CT Real Estate Investment Trust has a fifty-two week low of C$12.57 and a fifty-two week high of C$15.89.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust TSX: CRT.UN is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.