CT Real Estate Investment Trust (TSE:CRT.UN) Receives Average Recommendation of “Hold” from Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have received an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have covered the stock in the last year is C$17.90.

A number of research analysts have recently issued reports on CRT.UN shares. Scotia raised their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. TD increased their price objective on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Desjardins increased their price objective on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial increased their price objective on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th.

CT Real Estate Investment Trust Trading Up 0.8%

CT Real Estate Investment Trust stock opened at C$18.38 on Friday. The firm’s 50-day moving average is C$17.79 and its 200-day moving average is C$17.07. 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 has a 1 year low of C$15.26 and a 1 year high of C$18.46. The company has a market cap of C$4.38 billion, a P/E ratio of 10.03, a PEG ratio of 0.76 and a beta of 1.07.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (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$157.56 million for the quarter. On average, equities analysts expect 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 Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.079 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 51.56%.

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. 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.