CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$17.50 at Royal Bank of Canada

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target hoisted by equities research analysts at Royal Bank of Canada from C$16.00 to C$17.50 in a research note issued on Monday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price points to a potential upside of 6.06% from the stock’s current price.

Several other equities analysts have also commented on the company. Scotiabank upped their price target on CT Real Estate Investment Trust from C$16.00 to C$17.00 in a research note on Wednesday, February 10th. BMO Capital Markets increased their target price on CT Real Estate Investment Trust from C$17.00 to C$17.75 in a research note on Wednesday, May 12th. TD Securities lowered CT Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$17.00 target price on the stock. in a research note on Thursday, April 1st. Finally, CIBC increased their target price on CT Real Estate Investment Trust from C$16.00 to C$17.00 in a research note on Wednesday, May 12th.

Shares of CT Real Estate Investment Trust stock opened at C$16.50 on Monday. CT Real Estate Investment Trust has a 52 week low of C$11.86 and a 52 week high of C$16.89. The business’s fifty day simple moving average is C$16.45 and its 200-day simple moving average is C$15.64. The firm has a market cap of C$3.82 billion and a PE ratio of 38.64. The company has a quick ratio of 0.15, a current ratio of 0.21 and a debt-to-equity ratio of 78.96.

In other CT Real Estate Investment Trust news, Director Dean Charles Mccann acquired 20,000 shares of the company’s stock in a transaction dated Friday, February 19th. The shares were acquired at an average price of C$15.48 per share, for a total transaction of C$309,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately C$309,600.

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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