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

CT Real Estate Investment Trust (TSE:CRT.UN) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$17.93.

A number of analysts have weighed in on CRT.UN shares. Scotia raised their price objective 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 report on Wednesday, May 13th. Raymond James Financial lowered 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. Desjardins increased their target price 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, May 13th. Finally, TD lifted 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 note on Wednesday, May 13th.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$18.01 on Monday. CT Real Estate Investment Trust has a 1 year low of C$15.66 and a 1 year high of C$18.95. The stock has a market cap of C$4.31 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.76 and a beta of 1.06. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The stock has a 50-day simple moving average of C$18.32 and a 200-day simple moving average of C$17.56.

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 earnings per share for the quarter. The business had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. As a group, analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.0818 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. CT Real Estate Investment Trust’s payout ratio is 49.59%.

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.