CT Real Estate Investment Trust (TSE:CRT.UN) had its price target dropped by equities researchers at National Bank Financial from C$16.00 to C$14.00 in a research note issued to investors on Wednesday. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s target price would suggest a potential upside of 5.03% from the company’s previous close.
A number of other research analysts have also recently weighed in on CRT.UN. Scotiabank dropped their price objective on shares of CT Real Estate Investment Trust from C$16.50 to C$16.25 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. TD Securities dropped their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Finally, CIBC dropped their price objective on shares of CT Real Estate Investment Trust from C$15.50 to C$14.50 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$15.00.
Shares of CT Real Estate Investment Trust (CRT.UN) traded up C$0.48 during trading on Wednesday, reaching C$13.33. 32,600 shares of the company’s stock were exchanged, compared to its average volume of 60,104. CT Real Estate Investment Trust has a 12 month low of C$12.50 and a 12 month high of C$15.60. The stock has a market capitalization of $1,190.00, a PE ratio of 9.73 and a beta of 0.16.
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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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