CT Real Estate Investment Trust (TSE:CRT.UN) Sets New 12-Month High – What’s Next?

CT Real Estate Investment Trust (TSE:CRT.UN) shares reached a new 52-week high on Thursday . The stock traded as high as C$16.84 and last traded at C$16.83, with a volume of 60076 shares changing hands. The stock had previously closed at C$16.60.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Securities increased their target price on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. National Bankshares increased their target price on CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. Finally, Scotiabank downgraded shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CT Real Estate Investment Trust has an average rating of “Hold” and an average target price of C$16.87.

CT Real Estate Investment Trust Stock Up 1.4%

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 stock’s 50-day moving average price is C$16.14 and its two-hundred day moving average price is C$16.10. The stock has a market capitalization of C$4.00 billion, a PE ratio of 10.45, a P/E/G ratio of 0.76 and a beta of 1.04.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported C$0.41 earnings per share for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$151.16 million for the quarter. As a group, analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were given a $0.079 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. CT Real Estate Investment Trust’s payout ratio is 57.91%.

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.