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

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$16.87.

Several brokerages have recently weighed in on CRT.UN. Royal Bank Of Canada raised their price target on CT Real Estate Investment Trust from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 11th. National Bankshares raised their price objective 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 research note on Wednesday, October 8th. Desjardins lifted their target price on shares of CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the stock a “hold” rating in a report on Thursday, August 7th. Scotiabank cut shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$16.50 to C$17.00 in a report on Tuesday, November 4th. Finally, TD Securities raised their price target 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 report on Wednesday, November 5th.

CT Real Estate Investment Trust Price Performance

CRT.UN stock opened at C$16.27 on Friday. 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 firm has a 50 day moving average price of C$16.25 and a 200-day moving average price of C$16.03. CT Real Estate Investment Trust has a 52-week low of C$13.42 and a 52-week high of C$16.83. The firm has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.76 and a beta of 0.92.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported C$0.41 earnings per share for the quarter. The company had revenue of C$151.16 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Equities research analysts forecast 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 issued 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 dividend yield of 5.8%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.