CT Real Estate Investment Trust (TSE:CRT.UN) Stock Has Average Target Price of C$18.06 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on CT Real Estate Investment Trust, with seven hold ratings and one buy rating. The average 12-month price target is C$18.06, while Raymond James upgraded the stock to “outperform” with a C$19.25 target.
• CRT.UN shares opened at C$16.85, below their 50-day and 200-day moving averages of C$17.47 and C$17.65, respectively. The trust has a market capitalization of approximately C$4.01 billion and a 52-week range of C$15.66 to C$18.95.
• The trust reported quarterly revenue of C$156.71 million and earnings of C$0.45 per share, and recently paid a monthly dividend of C$0.0818 per share. The annualized dividend is approximately C$0.98, representing a 5.8% yield.

Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) have earned a consensus rating of "Hold" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$18.06.

Several equities research analysts recently commented on the stock. Raymond James Financial upgraded shares of CT Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and set a C$19.25 price objective on the stock in a research report on Friday. Royal Bank Of Canada lifted their target price on shares of 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 Stock Performance

Shares of CRT.UN stock opened at C$16.85 on Tuesday. The stock has a fifty day moving average price of C$17.47 and a 200 day moving average price of C$17.65. 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 has a market cap of C$4.01 billion, a PE ratio of 8.79, a P/E/G ratio of 0.76 and a beta of 0.96. CT Real Estate Investment Trust has a 1 year low of C$15.66 and a 1 year high of C$18.95.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last posted its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share for the quarter. 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$156.71 million for the quarter. Sell-side analysts forecast 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 firm also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a dividend of $0.0818 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, July 31st. CT Real Estate Investment Trust's dividend payout ratio (DPR) is 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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