CT Real Estate Investment Trust (TSE:CRT.UN) Stock Has Consensus Target Price of C$18.25 According to Analysts

CT Real Estate Investment Trust (TSE:CRT.UN) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$18.75.

Several analysts have recently issued reports on the stock. 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 price objective for the company in a research note on Friday, October 2nd. National Bank Financial raised CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 price objective on the stock in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada raised their target price on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 19th.

CT Real Estate Investment Trust Trading Up 0.1%

Shares of TSE:CRT.UN opened at C$18.10 on Friday. The company has a market cap of C$4.33 billion, a P/E ratio of 9.44, a PEG ratio of 0.76 and a beta of 0.89. CT Real Estate Investment Trust has a 1 year low of C$15.70 and a 1 year high of C$18.95. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The stock’s fifty day moving average price is C$17.20 and its 200-day moving average price is C$17.47.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. The company had revenue of C$156.71 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 expect that CT Real Estate Investment Trust will post 1.17 earnings per share for the current year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be given a $0.0818 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.98 annualized dividend and a yield of 5.4%. CT Real Estate Investment Trust’s dividend payout ratio is 49.59%.

About CT Real Estate Investment Trust

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.