Brokerages Set CT Real Estate Investment Trust (TSE:CRT.UN) Price Target at C$16.42

Key Points

• CT Real Estate Investment Trust (TSE:CRT.UN) received a consensus rating of "Hold" from six brokerage firms, with five analysts recommending hold and one suggesting a buy.
• The stock recently increased its monthly dividend to $0.079 per share, representing a 6.0% yield, up from the previous dividend of $0.08.
• CT Real Estate Investment Trust's average 12-month target price is set at C$16.42, with several analysts raising their price objectives for the stock.

Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$16.42.

Several research analysts have weighed in on CRT.UN shares. Desjardins upped their target price on CT Real Estate Investment Trust from C$15.50 to C$16.50 and gave the stock a "hold" rating in a research report on Thursday, August 7th. National Bankshares boosted their target price on shares of CT Real Estate Investment Trust from C$15.75 to C$15.95 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Scotiabank increased their target price on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Raymond James Financial raised their price target on shares of CT Real Estate Investment Trust from C$16.75 to C$17.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price objective on CT Real Estate Investment Trust from C$16.00 to C$17.00 and gave the stock a "sector perform" rating in a report on Monday.

CT Real Estate Investment Trust Trading Up 0.6%

Shares of CRT.UN stock traded up C$0.09 during trading hours on Monday, reaching C$15.87. 13,630 shares of the stock traded hands, compared to its average volume of 154,090. The business has a fifty day moving average price of C$15.82 and a 200 day moving average price of C$15.14. The firm has a market capitalization of C$1.72 billion, a PE ratio of 17.25, a PEG ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a 1-year low of C$13.42 and a 1-year high of C$16.48. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a dividend of $0.079 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is a positive change from CT Real Estate Investment Trust's previous monthly dividend of $0.08. CT Real Estate Investment Trust's payout ratio is 101.09%.

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.