CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating) had its price objective cut by stock analysts at National Bankshares from C$20.00 to C$18.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective indicates a potential upside of 11.66% from the company’s previous close.
Separately, CIBC dropped their price target on shares of CT Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Monday, June 27th.
CT Real Estate Investment Trust Stock Performance
CRT.UN opened at C$16.12 on Wednesday. The firm has a market cap of C$3.77 billion and a P/E ratio of 9.48. CT Real Estate Investment Trust has a 1-year low of C$15.25 and a 1-year high of C$18.46. The company has a 50 day simple moving average of C$16.59 and a two-hundred day simple moving average of C$17.09. The company has a debt-to-equity ratio of 74.47, a current ratio of 0.60 and a quick ratio of 0.53.
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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