Brokerages Set CT Real Estate Investment Trust (TSE:CRT.UN) PT at C$17.90

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$17.90.

Several analysts have recently issued reports on CRT.UN shares. Desjardins increased their target price on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Scotia boosted their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Raymond James Financial upped their price objective on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, TD increased their price objective on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$18.64 on Thursday. 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 12-month low of C$15.26 and a 12-month high of C$18.94. The firm has a 50-day moving average price of C$18.17 and a 200 day moving average price of C$17.40. The firm has a market capitalization of C$4.44 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The business had revenue of C$157.56 million for the quarter. Research analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.0818 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio is 51.56%.

About CT Real Estate Investment Trust

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.