CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Expected to Rise, Desjardins Analyst Says

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price increased by research analysts at Desjardins from C$18.00 to C$19.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price target would suggest a potential upside of 8.02% from the stock’s previous close.

Several other analysts also recently weighed in on CRT.UN. Raymond James Financial boosted their price objective on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. TD upped their price target on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Scotia upped their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, CT Real Estate Investment Trust currently has a consensus rating of “Hold” and an average target price of C$17.90.

CT Real Estate Investment Trust Price Performance

TSE:CRT.UN traded up C$0.05 during mid-day trading on Wednesday, reaching C$17.59. The stock had a trading volume of 118,054 shares, compared to its average volume of 193,981. The firm has a 50 day moving average price of C$17.13 and a two-hundred day moving average price of C$16.67. The stock has a market capitalization of C$4.19 billion, a P/E ratio of 9.85, a P/E/G ratio of 0.76 and a beta of 1.05. CT Real Estate Investment Trust has a one year low of C$14.97 and a one year high of C$17.97. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The company had revenue of C$157.56 million during the quarter. As a group, analysts expect that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

About CT Real Estate Investment Trust

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.