CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$19.25

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price increased by National Bank Financial from C$18.75 to C$19.25 in a research report report published on Wednesday,BayStreet reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada increased their price objective 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. BMO Capital Markets boosted their target price on CT Real Estate Investment Trust from C$18.00 to C$18.50 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Raymond James Financial upped their price target on CT Real Estate Investment Trust from C$19.25 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$19.04.

CT Real Estate Investment Trust Price Performance

CT Real Estate Investment Trust stock opened at C$18.28 on Wednesday. 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 52-week low of C$15.70 and a 52-week high of C$18.95. The firm has a market cap of C$4.37 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The company’s 50 day moving average is C$17.31 and its two-hundred day moving average is C$17.51.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its quarterly earnings results on Monday, November 9th. The real estate investment trust reported C$0.39 EPS for the quarter. The business had revenue of C$161.32 million during the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. On average, research analysts expect that CT Real Estate Investment Trust will post 1.17 EPS for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a $0.0818 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.98 dividend on an annualized basis and a yield of 5.4%. CT Real Estate Investment Trust’s payout ratio is currently 51.03%.

CT Real Estate Investment Trust Company Profile

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.