CT Real Estate Investment Trust (TSE:CRT.UN) Given Average Rating of “Hold” by Analysts

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$16.87.

Several brokerages have commented on CRT.UN. Scotiabank lowered shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$16.50 to C$17.00 in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, August 11th. Raymond James Financial raised their price objective on shares of CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. TD Securities lifted their price objective on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, Desjardins increased their target price on CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the stock a “hold” rating in a research report on Thursday, August 7th.

CT Real Estate Investment Trust Trading Down 0.6%

TSE CRT.UN opened at C$15.93 on Friday. The stock has a market cap of C$3.79 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92. CT Real Estate Investment Trust has a fifty-two week low of C$13.42 and a fifty-two week high of C$16.83. The stock has a 50 day simple moving average of C$16.24 and a two-hundred day simple moving average of C$16.05. 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 earnings results on Monday, November 3rd. 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 firm had revenue of C$151.16 million for the quarter. On average, analysts forecast that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a $0.079 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 6.0%. CT Real Estate Investment Trust’s dividend payout ratio is 57.91%.

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.