CT Real Estate Investment Trust (TSE:CRT.UN) Given Consensus Rating of “Hold” by Analysts

Posted by Wayne Rhoads on Oct 24th, 2024

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$15.75.

Separately, TD Securities boosted their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

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CT Real Estate Investment Trust Trading Down 0.4 %

TSE:CRT.UN opened at C$15.58 on Thursday. CT Real Estate Investment Trust has a one year low of C$12.57 and a one year high of C$16.32. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The company’s 50-day simple moving average is C$15.48 and its 200 day simple moving average is C$14.30. The firm has a market capitalization of C$1.69 billion, a P/E ratio of 16.93, a PEG ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.0771 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.93 annualized dividend and a dividend yield of 5.94%. CT Real Estate Investment Trust’s dividend payout ratio is presently 101.09%.

CT Real Estate Investment Trust Company Profile

(Get Free Report

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.