CT Real Estate Investment Trust (TSE:CRT.UN) Stock Has Consensus Price Target of C$18.25 According to Brokerages

Key Points

• Analyst consensus is “Hold” for CT Real Estate Investment Trust, with six hold ratings and two buys. The average 12-month price target is C$18.25, while recent targets range from C$18.75 to C$19.25.
• The trust reported quarterly EPS of C$0.45 on revenue of C$156.71 million. Its shares opened at C$17.39, with a market capitalization of approximately C$4.16 billion.
• CT REIT declared a monthly dividend of C$0.0818 per unit, equivalent to C$0.98 annually and a 5.6% yield; its payout ratio is 49.59%.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) has been given a consensus rating of "Hold" by the eight brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$18.25.

Several equities research analysts recently weighed in on CRT.UN shares. Royal Bank Of Canada boosted their price target 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. National Bank Financial upgraded shares of CT Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and set a C$18.75 price objective for the company in a research report on Wednesday, October 21st. Finally, Raymond James Financial raised shares of CT Real Estate Investment Trust from a "market perform" rating to an "outperform" rating and set a C$19.25 price objective for the company in a research note on Friday, October 2nd.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$17.39 on Friday. 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$15.66 and a 1 year high of C$18.95. The stock's 50 day simple moving average is C$17.19 and its two-hundred day simple moving average is C$17.44. The company has a market cap of C$4.16 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.76 and a beta of 0.96.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. The business 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%. As a group, equities analysts anticipate that CT Real Estate Investment Trust will post 1.17 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be issued a $0.0818 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 5.6%. CT Real Estate Investment Trust's dividend payout ratio (DPR) is presently 49.59%.

About CT Real Estate Investment Trust

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant.

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