CT Real Estate Investment Trust (TSE:CRT.UN) had its price target reduced by equities researchers at Royal Bank of Canada from C$15.25 to C$14.50 in a research report issued on Wednesday. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target points to a potential upside of 9.43% from the company’s current price.
Other equities research analysts also recently 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 reduced their price objective 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 report on Wednesday, November 8th. Scotiabank reduced their price objective on shares of CT Real Estate Investment Trust from C$16.25 to C$15.75 and set an “outperform” rating for the company in a report on Wednesday. Finally, National Bank Financial reduced their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$14.00 and set a “sector perform” rating for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$15.00.
CT Real Estate Investment Trust (TSE CRT.UN) traded down C$0.08 on Wednesday, reaching C$13.25. 40,899 shares of the company’s stock traded hands, compared to its average volume of 60,104. CT Real Estate Investment Trust has a 12-month low of C$12.50 and a 12-month high of C$15.60. The company has a market capitalization of $1,200.00, a P/E ratio of 9.67 and a beta of 0.16.
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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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