CT Real Estate Investment Trust (TSE:CRT.UN) Given Consensus Recommendation of "Hold" by Brokerages

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.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$16.42.

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

CT Real Estate Investment Trust Stock Up 0.5%

Shares of TSE:CRT.UN traded up C$0.08 during trading on Monday, hitting C$16.16. 149,548 shares of the company were exchanged, compared to its average volume of 154,732. CT Real Estate Investment Trust has a fifty-two week low of C$13.42 and a fifty-two week high of C$16.48. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.76 and a beta of 1.00. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a fifty day moving average price of C$15.82 and a two-hundred day moving average price of C$15.17.

CT Real Estate Investment Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be paid a $0.079 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is a boost from CT Real Estate Investment Trust's previous monthly dividend of $0.08. The ex-dividend date of this dividend is Thursday, July 31st. CT Real Estate Investment Trust's payout ratio is presently 101.09%.

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.