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

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$17.90.

CRT.UN has been the topic of several recent analyst reports. TD increased 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. Royal Bank Of Canada increased their price target on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Scotia increased their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Raymond James Financial increased their price target on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Finally, Desjardins increased 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 Trading Up 0.9%

Shares of TSE CRT.UN opened at C$17.69 on Wednesday. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The business’s 50 day moving average price is C$17.35 and its 200-day moving average price is C$16.82. CT Real Estate Investment Trust has a fifty-two week low of C$15.26 and a fifty-two week high of C$18.06. The company has a market cap of C$4.21 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.76 and a beta of 1.05.

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 for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The firm had revenue of C$157.56 million for the quarter. On average, sell-side analysts expect that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.079 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date was Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 51.56%.

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.