CT Real Estate Investment Trust (TSE:CRT.UN) Given Average Rating of “Hold” by Analysts

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have covered the stock in the last year is C$16.87.

CRT.UN has been the topic of several recent analyst reports. National Bankshares raised their target price on shares of CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. TD Securities lifted their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, Scotiabank cut CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$16.50 to C$17.00 in a research note on Tuesday, November 4th.

CT Real Estate Investment Trust Price Performance

Shares of TSE CRT.UN opened at C$16.79 on Monday. The business has a fifty day moving average price of C$16.33 and a two-hundred day moving average price of C$16.19. The stock has a market capitalization of C$3.99 billion, a PE ratio of 10.42, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. CT Real Estate Investment Trust has a fifty-two week low of C$13.42 and a fifty-two week high of C$16.97.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported C$0.41 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 company had revenue of C$151.16 million for the quarter. As a group, equities analysts predict that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

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