CT Real Estate Investment Trust (TSE:CRT.UN) Stock Has Consensus Price Target of C$18.06

CT Real Estate Investment Trust (TSE:CRT.UN) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$18.18.

A number of research firms have issued reports on CRT.UN. Raymond James Financial upgraded CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 target price for the company in a report on Friday, October 2nd. Royal Bank Of Canada lifted their price target on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 19th.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN stock opened at C$17.17 on Tuesday. The firm has a fifty day moving average of C$17.31 and a 200-day moving average of C$17.67. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a 12-month low of C$15.66 and a 12-month high of C$18.95. The company has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.76 and a beta of 0.96.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. The business 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%. As a group, equities research analysts predict that CT Real Estate Investment Trust will post 1.17 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a dividend of $0.0818 per share. This represents a $0.98 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio is currently 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.