CT Real Estate Investment Trust (TSE:CRT.UN) had its target price reduced by research analysts at Scotiabank from C$16.25 to C$15.75 in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 18.87% from the company’s previous close.
Other research analysts have also issued reports about the stock. CIBC decreased their price target on shares of CT Real Estate Investment Trust from C$15.50 to C$14.50 in a research note on Wednesday. TD Securities decreased their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$15.00.
Shares of CT Real Estate Investment Trust (TSE CRT.UN) traded down C$0.08 during trading on Wednesday, hitting C$13.25. 40,899 shares of the company traded hands, compared to its average volume of 60,104. The company has a market cap of $1,200.00, a price-to-earnings ratio of 9.67 and a beta of 0.16. CT Real Estate Investment Trust has a 52 week low of C$12.50 and a 52 week high of C$15.60.
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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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