CT Real Estate Investment Trust (TSE:CRT.UN) Given Consensus Rating of “Hold” by Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$15.70.

Several equities research analysts have recently issued reports on the stock. Desjardins lowered their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. TD Securities raised their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a report on Wednesday.

CT Real Estate Investment Trust Stock Performance

TSE CRT.UN traded up C$0.29 during mid-day trading on Wednesday, reaching C$15.64. 147,965 shares of the stock were exchanged, compared to its average volume of 143,700. The company has a market capitalization of C$1.69 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.76 and a beta of 0.99. 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 business’s 50 day moving average is C$14.29 and its 200-day moving average is C$13.91. CT Real Estate Investment Trust has a 1 year low of C$12.57 and a 1 year high of C$15.75.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.0771 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.92%. CT Real Estate Investment Trust’s payout ratio is currently 101.09%.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.