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

CT Real Estate Investment Trust (TSE:CRT.UN) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$16.87.

A number of research analysts recently issued reports on the stock. Scotiabank downgraded shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$16.50 to C$17.00 in a research report on Tuesday, November 4th. National Bankshares lifted their price target on shares of 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. Finally, TD Securities upped their price objective 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 report on Wednesday, November 5th.

CT Real Estate Investment Trust Stock Up 0.3%

Shares of CT Real Estate Investment Trust stock opened at C$16.89 on Monday. The stock’s 50-day moving average is C$16.25 and its 200 day moving average is C$16.15. CT Real Estate Investment Trust has a one year low of C$13.42 and a one year high of C$16.97. The firm has a market cap of C$4.02 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.76 and a beta of 1.04. 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) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. The firm had revenue of C$151.16 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Equities research analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors 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 yield of 5.6%. The ex-dividend date of this dividend was Friday, October 31st. 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. 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.