CT Real Estate Investment Trust (TSE:CRT.UN) Stock Has Consensus Price Target of C$18.06

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$18.18.

A number of brokerages recently issued reports on CRT.UN. Royal Bank Of Canada raised their price objective on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. Raymond James Financial upgraded shares of CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 price target for the company in a research report on Friday, October 2nd.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN opened at C$17.00 on Tuesday. CT Real Estate Investment Trust has a 12-month low of C$15.66 and a 12-month high of C$18.95. The business has a 50-day simple moving average of C$17.37 and a two-hundred day simple moving average of C$17.66. 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 stock has a market cap of C$4.06 billion, a PE ratio of 8.86, a PEG ratio of 0.76 and a beta of 0.96.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. The firm had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Analysts anticipate 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 business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a $0.0818 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio is presently 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.