CT Real Estate Investment Trust (TSE:CRT.UN) Reaches New 1-Year High – Time to Buy?

CT Real Estate Investment Trust (TSE:CRT.UN) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$18.41 and last traded at C$18.31, with a volume of 9336 shares trading hands. The stock had previously closed at C$18.22.

Analyst Ratings Changes

Several research firms have commented on CRT.UN. TD lifted their price target on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Desjardins lifted their price target 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. Raymond James Financial lifted their price target on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, Scotia lifted their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$17.90.

CT Real Estate Investment Trust Stock Down 0.2%

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 firm has a market cap of C$4.33 billion, a PE ratio of 9.93, a PEG ratio of 0.76 and a beta of 1.07. The stock has a fifty day moving average price of C$17.60 and a 200-day moving average price of C$16.93.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 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$157.56 million during the quarter. Research analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a dividend of $0.079 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.2%. CT Real Estate Investment Trust’s 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.