Desjardins Issues Pessimistic Forecast for CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) had its target price dropped by equities research analysts at Desjardins from C$16.00 to C$15.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Desjardins' price target would suggest a potential upside of 6.24% from the company's current price.

Several other research firms also recently weighed in on CRT.UN. BMO Capital Markets upped their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares set a C$16.25 price objective on CT Real Estate Investment Trust and gave the stock a "sector perform" rating in a report on Friday, December 20th.

CT Real Estate Investment Trust Stock Performance

CRT.UN stock traded down C$0.18 during trading on Wednesday, hitting C$14.59. 260,605 shares of the company's stock traded hands, compared to its average volume of 168,047. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a 52 week low of C$12.80 and a 52 week high of C$16.32. The stock has a fifty day moving average price of C$14.41 and a two-hundred day moving average price of C$14.97. The stock has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores.