CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Cut to C$15.50 by Analysts at Desjardins

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price decreased by Desjardins from C$16.00 to C$15.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. Desjardins currently has a hold rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on CRT.UN. BMO Capital Markets raised their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. National Bankshares set a C$16.25 price target on shares of CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a research note on Friday, December 20th.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$14.76 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a 50-day moving average price of C$14.44 and a two-hundred day moving average price of C$14.97. CT Real Estate Investment Trust has a twelve month low of C$12.80 and a twelve month high of C$16.32. The company has a market capitalization of C$1.60 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be given a $0.0771 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.93 annualized dividend and a dividend yield of 6.27%. CT Real Estate Investment Trust’s dividend payout ratio is presently 101.09%.

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.