CT Real Estate Investment Trust (TSE:CRT.UN) Receives C$17.90 Consensus Target Price from Brokerages

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have covered the stock in the last year is C$17.90.

Several equities research analysts have weighed in on CRT.UN shares. Scotia increased their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Raymond James Financial upped 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, May 13th. Desjardins raised their target price on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, TD lifted their price target on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th.

CT Real Estate Investment Trust Stock Down 0.3%

CRT.UN stock opened at C$18.75 on Thursday. The company has a market capitalization of C$4.47 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. CT Real Estate Investment Trust has a 12 month low of C$15.26 and a 12 month high of C$18.95. The firm’s fifty day simple moving average is C$18.24 and its 200-day simple moving average is C$17.45. 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 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 during 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, equities research analysts forecast that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0818 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 51.56%.

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.