CT Real Estate Investment Trust (TSE:CRT.UN) Receives C$16.87 Consensus Target Price from Brokerages

CT Real Estate Investment Trust (TSE:CRT.UN) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$16.87.

Several research firms recently weighed in on CRT.UN. National Bankshares raised their price objective on CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. TD Securities raised their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, Scotiabank lowered shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$16.50 to C$17.00 in a report on Tuesday, November 4th.

CT Real Estate Investment Trust Stock Up 0.3%

Shares of CRT.UN opened at C$16.79 on Monday. The firm has a 50 day simple moving average of C$16.33 and a two-hundred day simple moving average of C$16.18. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. CT Real Estate Investment Trust has a one year low of C$13.42 and a one year high of C$16.97. The company has a market cap of C$3.99 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.76 and a beta of 1.04.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported C$0.41 earnings per share 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. Research analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

CT Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were paid a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, October 31st. CT Real Estate Investment Trust’s payout ratio is presently 57.91%.

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.