CT Real Estate Investment Trust (TSE:CRT.UN) PT Raised to C$18.00 at Royal Bank of Canada
CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating) had its price objective increased by Royal Bank of Canada from C$17.50 to C$18.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price suggests a potential upside of 4.77% from the stock’s previous close.
A number of other analysts have also commented on the stock. National Bankshares decreased their price target on shares of CT Real Estate Investment Trust from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research note on Wednesday, July 20th. Scotiabank cut their price target on shares of CT Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Wednesday. Finally, CIBC cut their price target on shares of CT Real Estate Investment Trust from C$18.00 to C$17.50 and set a “neutral” rating on the stock in a report on Wednesday.
CT Real Estate Investment Trust Trading Up 0.5%
Shares of CT Real Estate Investment Trust stock opened at C$17.18 on Friday. The firm has a market capitalization of C$4.02 billion and a PE ratio of 10.11. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 74.47. The firm’s 50 day moving average is C$16.46 and its 200 day moving average is C$17.10. CT Real Estate Investment Trust has a 1 year low of C$15.25 and a 1 year high of C$18.46.
About CT Real Estate Investment Trust
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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.
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