Royal Bank Of Canada Forecasts Strong Price Appreciation for CT Real Estate Investment Trust (TSE:CRT.UN) Stock

by · The Markets Daily

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) had its price objective upped by analysts at Royal Bank Of Canada from C$17.00 to C$18.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.77% from the company’s previous close.

CRT.UN has been the topic of several other reports. TD Securities increased their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Scotiabank downgraded shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$17.03.

Check Out Our Latest Research Report on CRT.UN

CT Real Estate Investment Trust Stock Up 1.3%

Shares of TSE CRT.UN traded up C$0.22 during trading on Monday, reaching C$17.18. The company had a trading volume of 139,391 shares, compared to its average volume of 186,221. CT Real Estate Investment Trust has a 12-month low of C$13.42 and a 12-month high of C$17.22. 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 business’s 50-day moving average is C$16.57 and its 200 day moving average is C$16.33. The stock has a market cap of C$4.09 billion, a PE ratio of 10.66, a P/E/G ratio of 0.76 and a beta of 1.03.

About CT Real Estate Investment Trust

(Get Free Report)

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. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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