CT Real Estate Investment Trust (TSE:CRT.UN) Issues Quarterly Earnings Results

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report) posted its quarterly earnings results on Monday. The real estate investment trust reported C$0.41 EPS for the quarter, FiscalAI reports. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The company had revenue of C$157.56 million during the quarter.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN opened at C$17.54 on Wednesday. The business’s 50 day moving average is C$17.13 and its two-hundred day moving average is C$16.67. CT Real Estate Investment Trust has a 52-week low of C$14.97 and a 52-week high of C$17.97. The firm has a market cap of C$4.18 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.76 and a beta of 1.05. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.079 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio is presently 52.56%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their price target 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. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$17.03.

Check Out Our Latest Research Report on CT Real Estate Investment Trust

About CT Real Estate Investment Trust

(Get Free Report)

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.

Further Reading

Earnings History for CT Real Estate Investment Trust (TSE:CRT.UN)

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