CT Real Estate Investment Trust (TSE:CRT.UN) Receives Average Rating of “Hold” from Brokerages

CT Real Estate Investment Trust (TSE:CRT.UN) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$15.75.

Separately, TD Securities lifted their price target on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

CT Real Estate Investment Trust Trading Down 0.5 %

TSE CRT.UN opened at C$15.90 on Friday. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. 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 12 month low of C$12.57 and a 12 month high of C$16.32. The company’s fifty day moving average price is C$15.09 and its two-hundred day moving average price is C$14.12.

CT Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were given a dividend of $0.0771 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.93 dividend on an annualized basis and a yield of 5.82%. CT Real Estate Investment Trust’s dividend payout ratio is currently 101.09%.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust 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 over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.