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

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$18.06.

CRT.UN has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 19th. Raymond James Financial cut their target price on CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a “market perform” rating on the stock in a research note on Wednesday, August 12th.

CT Real Estate Investment Trust Stock Down 1.4%

CT Real Estate Investment Trust stock opened at C$16.74 on Friday. The business has a fifty day moving average of C$18.06 and a two-hundred day moving average of C$17.67. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$3.99 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.76 and a beta of 0.98. CT Real Estate Investment Trust has a twelve month low of C$15.66 and a twelve month high of C$18.95.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The business had revenue of C$156.71 million for the quarter. On average, analysts forecast 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 declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a $0.0818 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.