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

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have received an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$15.75.

Separately, TD Securities lifted their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

CT Real Estate Investment Trust Trading Down 1.3 %

CRT.UN stock opened at C$15.60 on Friday. The firm has a fifty day moving average price of C$15.20 and a 200 day moving average price of C$14.17. CT Real Estate Investment Trust has a fifty-two week low of C$12.57 and a fifty-two week high of C$16.32. The firm has a market cap of C$1.69 billion, a PE ratio of 16.96, a price-to-earnings-growth 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.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend was Wednesday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 101.09%.

CT Real Estate Investment Trust Company Profile

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.