CT Real Estate Investment Trust (TSE:CRT.UN) Stock Lifted to Outperform by National Bank Financial

CT Real Estate Investment Trust (TSE:CRT.UN) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday, BayStreet reports. The firm currently has a C$18.75 price objective on the real estate investment trust’s stock. National Bank Financial’s price objective would suggest a potential upside of 5.51% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada increased their price objective on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 19th. Raymond James Financial upgraded CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 price objective on the stock in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$18.25.

CT Real Estate Investment Trust Trading Up 0.9%

Shares of TSE:CRT.UN traded up C$0.15 during trading on Wednesday, reaching C$17.77. 128,129 shares of the company were exchanged, compared to its average volume of 212,138. The firm has a market capitalization of C$4.25 billion, a PE ratio of 9.26, a P/E/G ratio of 0.76 and a beta of 0.96. The business’s fifty day simple moving average is C$17.24 and its 200-day simple moving average is C$17.71. CT Real Estate Investment Trust has a 12-month low of C$15.66 and a 12-month high of C$18.95. 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 quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share for the quarter. The firm had revenue of C$156.71 million during the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. On average, research analysts anticipate that CT Real Estate Investment Trust will post 1.17 EPS for the current year.

CT Real Estate Investment Trust Company Profile

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.