CT Real Estate Investment Trust (TSE:CRT.UN) Hits New 12-Month High – Time to Buy?

CT Real Estate Investment Trust (TSE:CRT.UN) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$18.53 and last traded at C$18.42, with a volume of 128997 shares. The stock had previously closed at C$18.14.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRT.UN. TD increased their target price 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. 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 research report on Wednesday, May 13th. Desjardins raised their target price on shares of 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, Raymond James Financial upped their price target on shares of 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. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$17.90.

CT Real Estate Investment Trust Trading Up 2.1%

The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The stock’s 50-day simple moving average is C$17.81 and its 200-day simple moving average is C$17.13. The firm has a market capitalization of C$4.41 billion, a PE ratio of 10.11, a P/E/G ratio of 0.76 and a beta of 1.07.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 EPS for the quarter. The business 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, sell-side analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.079 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.1%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 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.