CT Real Estate Investment Trust (TSE:CRT.UN) Sets New 1-Year High Following Analyst Upgrade

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) reached a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from C$17.00 to C$18.00. Royal Bank Of Canada currently has a sector perform rating on the stock. CT Real Estate Investment Trust traded as high as C$17.22 and last traded at C$17.15, with a volume of 52170 shares traded. The stock had previously closed at C$16.96.

A number of other research firms have also weighed in on CRT.UN. TD Securities raised their price objective on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Scotiabank cut CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$17.03.

CT Real Estate Investment Trust Price Performance

The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$4.08 billion, a P/E ratio of 10.66, a PEG ratio of 0.76 and a beta of 1.03. The firm has a 50-day simple moving average of C$16.62 and a 200-day simple moving average of C$16.35.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.