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

CT Real Estate Investment Trust (TSE:CRT.UN) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$17.90.

CRT.UN has been the subject of several analyst reports. Scotia upped their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Desjardins boosted their target price on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. TD upped their price target on 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. Finally, Raymond James Financial increased their price target on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th.

CT Real Estate Investment Trust Trading Down 0.3%

Shares of CT Real Estate Investment Trust stock opened at C$18.72 on Thursday. 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 company has a market capitalization of C$4.46 billion, a P/E ratio of 10.22, a PEG ratio of 0.76 and a beta of 1.06. CT Real Estate Investment Trust has a 1 year low of C$15.26 and a 1 year high of C$18.94. The company’s fifty day moving average is C$18.13 and its two-hundred day moving average is C$17.38.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 EPS 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 during the quarter. Analysts forecast that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders 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 yield of 5.2%. CT Real Estate Investment Trust’s dividend payout ratio is presently 51.56%.

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.