CT Real Estate Investment Trust (CRT.UN) Receives Average Rating of “Hold” from Brokerages
CT Real Estate Investment Trust (TSE:CRT.UN) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$16.08.
A number of analysts have recently issued reports on the stock. CIBC lifted their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$16.75 in a research note on Wednesday, May 10th. BMO Capital Markets reiterated a “market perform” rating and set a C$15.75 price objective on shares of CT Real Estate Investment Trust in a research note on Tuesday, May 23rd.
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About CT Real Estate Investment Trust
CT Real Estate Investment Trust (CT REIT) is a closed-end real estate investment trust. The Trust’s principal objective is to create Unitholder value over the long-term by generating reliable, durable and growing monthly distributions on a tax-efficient basis. The Trust is engaged in the ownership and operation of retail investment properties located in Canada.
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