CT Real Estate Investment Trust (CRT.UN) Price Target Cut to C$14.00 by Analysts at National Bank Financial
CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective reduced by stock analysts at National Bank Financial from C$16.00 to C$14.00 in a research note issued on Wednesday. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s target price suggests a potential upside of 5.03% from the company’s previous close.
CRT.UN has been the topic of a number of other research reports. Scotiabank decreased their target price on shares of CT Real Estate Investment Trust from C$16.25 to C$15.75 and set an “outperform” rating on the stock in a research report on Wednesday. CIBC decreased their price target on shares of CT Real Estate Investment Trust from C$15.50 to C$14.50 in a report on Wednesday. Finally, TD Securities decreased their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. CT Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$15.00.
Shares of CT Real Estate Investment Trust (TSE CRT.UN) traded up C$0.48 during midday trading on Wednesday, reaching C$13.33. 32,600 shares of the company were exchanged, compared to its average volume of 60,104. CT Real Estate Investment Trust has a 1 year low of C$12.50 and a 1 year high of C$15.60. The firm has a market capitalization of $1,190.00, a price-to-earnings ratio of 9.73 and a beta of 0.16.
CT Real Estate Investment Trust Company Profile
CT Real Estate Investment Trust (CT REIT) is a closed-end real estate investment trust. The Trust’s principal objective is to create Unitholder value over the long-term by generating reliable, durable and growing monthly distributions on a tax-efficient basis. The Trust is engaged in the ownership and operation of retail investment properties located in Canada.
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