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

CT Real Estate Investment Trust (TSE:CRT.UN) has been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is C$17.90.

A number of analysts have commented on the stock. TD boosted 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, May 13th. Scotia boosted their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Raymond James Financial boosted their price target 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 report on Wednesday, May 13th. Finally, Desjardins boosted 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 research report on Wednesday, May 13th.

CT Real Estate Investment Trust Stock Up 0.8%

CRT.UN stock opened at C$18.38 on Friday. 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 fifty-two week low of C$15.26 and a fifty-two week high of C$18.46. The firm’s 50-day simple moving average is C$17.79 and its 200 day simple moving average is C$17.07. The stock has a market cap of C$4.38 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share 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$157.56 million for the quarter. As a group, sell-side analysts predict 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 Friday, May 15th. Shareholders of record on Friday, May 15th were given a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Thursday, April 30th. CT Real Estate Investment Trust’s payout ratio is 51.56%.

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.