CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$19.00

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective hoisted by Royal Bank Of Canada from C$18.50 to C$19.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on the stock. TD raised their price objective on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Raymond James Financial dropped their target price on shares of CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a “market perform” rating on the stock in a research note on Wednesday, August 12th. Desjardins increased their price target on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Finally, Scotia increased their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CT Real Estate Investment Trust presently has a consensus rating of “Hold” and an average price target of C$18.06.

CT Real Estate Investment Trust Trading Down 2.1%

TSE CRT.UN opened at C$17.89 on Wednesday. CT Real Estate Investment Trust has a 12 month low of C$15.66 and a 12 month high of C$18.95. The stock has a market cap of C$4.28 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.76 and a beta of 1.06. The stock’s fifty day moving average price is C$18.33 and its 200-day moving average price is C$17.61. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$156.71 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. As a group, equities analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

CT Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a dividend of $0.0818 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio is presently 49.59%.

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.