BMO Capital Markets Raises CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$16.00

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$15.00 to C$16.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 2.83% from the stock’s current price.

Separately, TD Securities raised their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$15.92.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN traded up C$0.06 during trading hours on Monday, hitting C$15.56. 26,273 shares of the company were exchanged, compared to its average volume of 150,312. The firm’s fifty day moving average is C$15.53 and its 200 day moving average is C$14.35. The company has a market cap of C$1.69 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a fifty-two week low of C$12.57 and a fifty-two week high of C$16.32. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust 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 over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.