CT Real Estate Investment Trust (CRT.UN.TO) – What Are Brokerages Saying About This Stock?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$18.18.

CRT.UN has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 19th. Raymond James Financial raised shares of CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 target price on the stock in a report on Friday, October 2nd.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock opened at C$17.17 on Tuesday. The firm has a market capitalization of C$4.10 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.76 and a beta of 0.96. CT Real Estate Investment Trust has a one year low of C$15.66 and a one year high of C$18.95. The stock’s 50 day moving average price is C$17.34 and its 200 day moving average price is C$17.66. 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 (TSE:CRT.UN) last posted its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. The business had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. As a group, sell-side analysts expect that CT Real Estate Investment Trust will post 1.17 EPS for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a $0.0818 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust’s payout ratio is presently 49.59%.

About CT Real Estate Investment Trust

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.