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

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have covered the stock in the last year is C$18.06.

A number of research analysts have weighed in on CRT.UN shares. Royal Bank Of Canada increased their target price on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. Raymond James Financial lowered their price target on shares of CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a “market perform” rating on the stock in a report on Wednesday, August 12th.

CT Real Estate Investment Trust Stock Up 0.5%

CRT.UN stock opened at C$16.82 on Friday. CT Real Estate Investment Trust has a 1-year low of C$15.66 and a 1-year high of C$18.95. The business has a fifty day moving average price of C$17.88 and a 200-day moving average price of C$17.65. 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 stock has a market capitalization of C$4.01 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.76 and a beta of 0.98.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. Equities analysts forecast 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 firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a $0.0818 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio is presently 49.59%.

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.