CT Real Estate Investment Trust (TSE:CRT.UN) Given New C$15.50 Price Target at Desjardins

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target dropped by equities researchers at Desjardins from C$16.00 to C$15.50 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ target price would indicate a potential upside of 4.52% from the company’s current price.

A number of other equities research analysts have also commented on CRT.UN. National Bankshares set a C$16.25 price target on CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a research report on Friday, December 20th. BMO Capital Markets boosted their price target on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th.

CT Real Estate Investment Trust Trading Down 0.5 %

CRT.UN traded down C$0.08 during midday trading on Wednesday, reaching C$14.83. 40,567 shares of the company were exchanged, compared to its average volume of 162,008. 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 has a one year low of C$12.80 and a one year high of C$16.32. The stock has a market capitalization of C$1.61 billion, a P/E ratio of 16.12, a PEG ratio of 0.76 and a beta of 1.00. The stock’s 50-day simple moving average is C$14.44 and its 200 day simple moving average is C$14.97.

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.