CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$19.00

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target hoisted by Desjardins from C$18.00 to C$19.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on CRT.UN. Scotia increased their target price 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. Raymond James Financial raised their target price on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research note on Wednesday. TD raised 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. Finally, Royal Bank Of Canada lifted their target price on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$17.90.

CT Real Estate Investment Trust Price Performance

CT Real Estate Investment Trust stock opened at C$17.51 on Wednesday. CT Real Estate Investment Trust has a 12 month low of C$15.17 and a 12 month high of C$17.97. 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 business’s 50 day simple moving average is C$17.14 and its 200 day simple moving average is C$16.69. The company has a market cap of C$4.17 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.76 and a beta of 1.05.

CT Real Estate Investment Trust (TSE:CRT.UN) last posted its earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. The firm had revenue of C$157.56 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. Sell-side 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 declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a $0.079 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.4%. CT Real Estate Investment Trust’s payout ratio is presently 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.