CT Real Estate Investment Trust (TSE:CRT.UN) Receives C$16.87 Consensus PT from Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$16.87.

Several analysts have recently commented on CRT.UN shares. Scotiabank downgraded CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$16.50 to C$17.00 in a research note on Tuesday, November 4th. TD Securities increased their price target on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Finally, National Bankshares raised their price objective on 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.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$16.28 on Thursday. 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 twelve month low of C$13.42 and a twelve month high of C$16.83. The company has a fifty day moving average of C$16.18 and a 200-day moving average of C$16.08. The firm has a market capitalization of C$3.87 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.76 and a beta of 0.94.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted 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 net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$151.16 million during the quarter. As a group, sell-side analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were paid a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, October 31st. CT Real Estate Investment Trust’s payout ratio is 57.91%.

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.