CT Real Estate Investment Trust (TSE:CRT.UN) Given Average Rating of “Hold” by Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$17.03.

Separately, Royal Bank Of Canada raised their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN stock opened at C$16.39 on Friday. CT Real Estate Investment Trust has a 1-year low of C$13.42 and a 1-year high of C$17.39. The stock’s 50-day moving average is C$16.80 and its 200 day moving average is C$16.45. The company has a market cap of C$3.90 billion, a P/E ratio of 9.18, a PEG ratio of 0.76 and a beta of 1.08. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its earnings results on Thursday, March 19th. The real estate investment trust reported C$0.63 earnings per share (EPS) for the quarter. The company had revenue of C$152.92 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Research analysts predict that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

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.