CT Real Estate Investment Trust (TSE:CRT.UN) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of CT Real Estate Investment Trust (TSE:CRT.UN) from a market perform rating to an outperform rating in a report released on Friday morning,BayStreet reports. Raymond James Financial currently has C$19.25 target price on the real estate investment trust’s stock.

Separately, Royal Bank Of Canada boosted their price objective on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$18.06.

CT Real Estate Investment Trust Stock Up 1.7%

CRT.UN opened at C$17.16 on Friday. The stock has a fifty day moving average of C$17.51 and a 200-day moving average of C$17.65. The company has a market capitalization of C$4.09 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.76 and a beta of 0.96. CT Real Estate Investment Trust has a fifty-two week low of C$15.66 and a fifty-two week high of C$18.95. 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 released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$156.71 million for the quarter. On average, equities analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a dividend of $0.0818 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.98 annualized dividend and a yield of 5.7%. CT Real Estate Investment Trust’s dividend payout ratio is currently 49.59%.

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.