CT Real Estate Investment Trust (TSE:CRT.UN) had its price target decreased by CIBC from C$15.50 to C$14.50 in a report released on Wednesday. CIBC’s target price would indicate a potential upside of 9.43% from the company’s previous close.
Several other brokerages also recently weighed in on CRT.UN. Scotiabank lowered their price target on shares of CT Real Estate Investment Trust from C$16.50 to C$16.25 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. TD Securities lowered their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$15.00.
CT Real Estate Investment Trust (TSE CRT.UN) traded down C$0.08 on Wednesday, hitting C$13.25. 40,899 shares of the company were exchanged, compared to its average volume of 60,104. The stock has a market capitalization of $1,200.00, a P/E ratio of 9.67 and a beta of 0.16. CT Real Estate Investment Trust has a one year low of C$12.50 and a one year high of C$15.60.
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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