CT Real Estate Investment Trust (TSE:CRT.UN) Receives Consensus Recommendation of “Hold” from Brokerages

CT Real Estate Investment Trust (TSE:CRT.UN) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is C$18.06.

A number of brokerages have issued reports on CRT.UN. Desjardins raised their price target on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on shares of 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. 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 for the company in a report on Wednesday, August 12th. TD raised 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. Finally, Scotia boosted their price target on 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.

CT Real Estate Investment Trust Price Performance

Shares of CT Real Estate Investment Trust stock opened at C$17.89 on Monday. The stock has a market capitalization of C$4.28 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. CT Real Estate Investment Trust has a one year low of C$15.66 and a one year high of C$18.95. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The business’s 50 day simple moving average is C$18.33 and its two-hundred day simple moving average is C$17.62.

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

CT Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0818 dividend. This represents a c) dividend on an annualized basis and a 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.