CT Real Estate Investment Trust (TSE:CRT.UN) Issues Earnings Results

CT Real Estate Investment Trust (TSE:CRT.UN) issued its quarterly earnings data on Monday. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$157.56 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock opened at C$17.60 on Tuesday. The company has a 50 day moving average price of C$17.12 and a 200-day moving average price of C$16.67. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. CT Real Estate Investment Trust has a fifty-two week low of C$14.97 and a fifty-two week high of C$17.97. The company has a market capitalization of C$4.19 billion, a PE ratio of 9.85, a P/E/G ratio of 0.76 and a beta of 1.05.

CT Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.079 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, April 30th. CT Real Estate Investment Trust’s payout ratio is 52.56%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada increased their target price on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$17.03.

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.