Scotiabank Issues Positive Forecast for CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target boosted by Scotiabank from C$16.00 to C$16.50 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

Separately, Desjardins cut their price target on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a report on Wednesday, February 12th.

CT Real Estate Investment Trust Trading Down 0.3 %

CRT.UN opened at C$15.29 on Tuesday. The company has a fifty day moving average price of C$14.62 and a two-hundred day moving average price of C$14.70. CT Real Estate Investment Trust has a 1-year low of C$12.80 and a 1-year high of C$16.32. The company has a market cap of C$1.66 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Wednesday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio is currently 101.09%.

CT Real Estate Investment Trust Company Profile

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.