CT Real Estate Investment Trust (TSE:CRT.UN) Receives C$16.87 Average PT from Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been given an average recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$16.87.

Several brokerages have recently weighed in on CRT.UN. National Bankshares increased their target price on shares of CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Scotiabank downgraded CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. Finally, TD Securities lifted their target price on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research note on Wednesday, November 5th.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN opened at C$16.76 on Monday. The company’s 50 day simple moving average is C$16.30 and its 200-day simple moving average is C$16.17. The firm has a market cap of C$3.99 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. CT Real Estate Investment Trust has a 12-month low of C$13.42 and a 12-month high of C$16.97. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported C$0.41 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The firm had revenue of C$151.16 million during the quarter. As a group, equities analysts predict that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a dividend of $0.079 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 5.7%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 57.91%.

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. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.