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

Key Points

• Analyst consensus is “Hold”: All eight covering brokerages rated CT Real Estate Investment Trust a hold, with an average 12-month price target of C$18.06.
• The trust’s shares opened at C$16.74, down 1.4%, compared with a 52-week range of C$15.66 to C$18.95. Recent analyst targets range from C$19.00 to C$19.25.
• CT REIT reported quarterly EPS of C$0.45 and revenue of C$156.71 million, while maintaining a monthly dividend of C$0.0818 per share, equivalent to an annualized yield of about 5.9%.

Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) have earned an average rating of "Hold" from the eight ratings firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have covered the stock in the last year is C$18.06.

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their price target 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. Raymond James Financial decreased their price objective on CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a "market perform" rating for the company in a report on Wednesday, August 12th.

CT Real Estate Investment Trust Stock Down 1.4%

Shares of TSE CRT.UN opened at C$16.74 on Friday. CT Real Estate Investment Trust has a 52-week low of C$15.66 and a 52-week high of C$18.95. The firm has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.76 and a beta of 0.98. The stock has a 50 day moving average price of C$18.06 and a 200 day moving average price of C$17.67. 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 - Get Free Report) 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 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were issued a dividend of $0.0818 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust's dividend payout ratio is presently 49.59%.

About CT Real Estate Investment Trust

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.

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