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 a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$17.90.

A number of research analysts have recently weighed in on CRT.UN shares. Scotia lifted their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Wednesday. Raymond James Financial raised their target price on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research note on Wednesday. TD upped their price target on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank Of Canada increased their price objective on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Finally, Desjardins raised their price objective 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 research report on Wednesday.

CT Real Estate Investment Trust Trading Up 0.4%

TSE:CRT.UN opened at C$17.51 on Friday. CT Real Estate Investment Trust has a one year low of C$15.17 and a one year high of C$17.97. The business has a fifty day moving average price of C$17.14 and a 200-day moving average price of C$16.69. The firm has a market capitalization of C$4.17 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. The business had revenue of C$157.56 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Sell-side 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 firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.079 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 51.56%.

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. 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.