Desjardins Lowers CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$14.50

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target cut by equities researchers at Desjardins from C$15.00 to C$14.50 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price objective would suggest a potential upside of 4.47% from the stock’s current price.

Separately, BMO Capital Markets upped their target price on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, CT Real Estate Investment Trust presently has an average rating of “Hold” and a consensus price target of C$15.93.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock opened at C$13.88 on Wednesday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.09 and a quick ratio of 0.10. The stock has a market cap of C$1.50 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The firm has a 50 day simple moving average of C$13.72 and a 200-day simple moving average of C$14.00. CT Real Estate Investment Trust has a 1-year low of C$12.57 and a 1-year high of C$15.89.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.