CT Real Estate Investment Trust (TSE:CRT.UN) Upgraded at National Bank Financial

by · The Markets Daily

National Bank Financial upgraded shares of CT Real Estate Investment Trust (TSE:CRT.UN – Free Report) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday,BayStreet reports. National Bank Financial currently has C$18.75 target price on the real estate investment trust’s stock.

CRT.UN has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 19th. Raymond James Financial raised CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 price objective on the stock in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$18.25.

Get Our Latest Research Report on CRT.UN

CT Real Estate Investment Trust Trading Down 2.2%

Shares of TSE:CRT.UN opened at C$17.57 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The company’s 50 day moving average is C$17.23 and its two-hundred day moving average is C$17.72. The company has a market cap of C$4.20 billion, a PE ratio of 9.16, a P/E/G ratio of 0.76 and a beta of 0.96. CT Real Estate Investment Trust has a 52 week low of C$15.66 and a 52 week high of C$18.95.

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last posted its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 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$156.71 million for the quarter. Equities analysts predict that CT Real Estate Investment Trust will post 1.17 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be issued a $0.0818 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Friday, October 30th. CT Real Estate Investment Trust’s dividend payout ratio is 49.59%.

CT Real Estate Investment Trust Company Profile

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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.

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