CT Real Estate Investment Trust (TSE:CRT.UN) Receives Consensus Rating of “Hold” from Brokerages

CT Real Estate Investment Trust (TSE:CRT.UN) has earned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$17.90.

CRT.UN has been the subject of a number of recent analyst reports. Desjardins boosted their price objective on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Scotia boosted their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada boosted their price objective on 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. TD boosted their price objective on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial boosted their price objective on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$17.91 on Wednesday. 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 has a 1 year low of C$15.26 and a 1 year high of C$18.09. The stock’s 50 day simple moving average is C$17.51 and its two-hundred day simple moving average is C$16.89. The company has a market cap of C$4.27 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.76 and a beta of 1.07.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. The business had revenue of C$157.56 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. As a group, equities analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.079 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio is currently 51.56%.

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.