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

CT Real Estate Investment Trust (TSE:CRT.UN) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$17.93.

Several research analysts have issued reports on CRT.UN shares. Raymond James Financial lowered their price objective 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 research report on Wednesday, August 12th. Scotia increased their target price on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. TD raised their price target on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Desjardins raised their price target 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.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN opened at C$18.01 on Monday. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$4.31 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The company’s 50 day simple moving average is C$18.32 and its 200-day simple moving average is C$17.56. CT Real Estate Investment Trust has a 12-month low of C$15.66 and a 12-month high of C$18.95.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 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$156.71 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a $0.0818 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 49.59%.

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.