Royal Bank of Canada Boosts CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$15.00

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective raised by investment analysts at Royal Bank of Canada from C$14.50 to C$15.00 in a research report issued on Wednesday, August 7th, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 5.26% from the stock’s previous close.

Separately, Raymond James reiterated a “hold” rating and set a C$15.00 target price on shares of CT Real Estate Investment Trust in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CT Real Estate Investment Trust currently has an average rating of “Buy” and an average price target of C$15.20.

Shares of TSE:CRT.UN opened at C$14.25 on Wednesday. The company has a debt-to-equity ratio of 84.53, a quick ratio of 0.04 and a current ratio of 0.10. CT Real Estate Investment Trust has a 52-week low of C$11.26 and a 52-week high of C$14.77. The firm has a market capitalization of $1.38 billion and a PE ratio of 36.17. The firm has a fifty day moving average of C$14.45 and a 200 day moving average of C$14.10.

About CT Real Estate Investment Trust

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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Analyst Recommendations for CT Real Estate Investment Trust (TSE:CRT.UN)

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