CT Real Estate Investment Trust (TSE:CRT.UN) Hits New 12-Month High – Time to Buy?

CT Real Estate Investment Trust (TSE:CRT.UN) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$18.95 and last traded at C$18.95, with a volume of 12190 shares trading hands. The stock had previously closed at C$18.74.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotia raised 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 research note on Wednesday, May 13th. TD increased their target price on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Desjardins lifted their target price on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Finally, Raymond James Financial upped their price target on shares of 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. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$17.90.

CT Real Estate Investment Trust Trading Down 0.3%

The firm has a market capitalization of C$4.47 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. 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 stock has a 50-day simple moving average of C$18.24 and a two-hundred day simple moving average of C$17.45.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The business had revenue of C$157.56 million for the quarter. On average, equities research analysts anticipate 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 business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.0818 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. 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.