CT Real Estate Investment Trust (TSE:CRT.UN) Stock Has Average Price Target of C$18.25

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$18.25.

Several equities research analysts have recently weighed in on the stock. Raymond James Financial raised shares of CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 target price on the stock in a research note on Friday, October 2nd. National Bank Financial raised shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 price target for the company in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada upped their price target 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.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$17.39 on Friday. The firm has a market capitalization of C$4.16 billion, a PE ratio of 9.07, a PEG ratio of 0.76 and a beta of 0.96. The stock’s fifty day moving average is C$17.19 and its 200 day moving average is C$17.44. CT Real Estate Investment Trust has a fifty-two week low of C$15.66 and a fifty-two week high of C$18.95. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 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 company had revenue of C$156.71 million during the quarter. On average, sell-side analysts anticipate that CT Real Estate Investment Trust will post 1.17 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, November 16th. Shareholders of record on Monday, November 16th will be paid a $0.0818 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.98 annualized dividend and a yield of 5.6%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 49.59%.

CT Real Estate Investment Trust Company Profile

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.