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

by · The Markets Daily

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$17.90.

Several equities research analysts have recently issued reports on CRT.UN shares. Royal Bank Of Canada raised their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. TD raised their price objective on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Scotia raised their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Raymond James Financial raised their price objective on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, Desjardins raised their price objective on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th.

View Our Latest Stock Report on CRT.UN

CT Real Estate Investment Trust Price Performance

TSE:CRT.UN opened at C$17.69 on Wednesday. The firm has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.76 and a beta of 1.05. CT Real Estate Investment Trust has a 1 year low of C$15.26 and a 1 year high of C$18.06. The business has a 50 day simple moving average of C$17.35 and a 200-day simple moving average of C$16.82. 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 (TSE:CRT.UN – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. The business had revenue of C$157.56 million during the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Equities analysts forecast that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.079 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 51.56%.

About CT Real Estate Investment Trust

(Get Free Report)

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.

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