BMO Capital Markets Forecasts Strong Price Appreciation for CT Real Estate Investment Trust (TSE:CRT.UN) Stock

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective raised by BMO Capital Markets from C$15.00 to C$16.00 in a research report report published on Monday, BayStreet.CA reports.

Separately, TD Securities increased their target price on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$15.92.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN opened at C$15.44 on Monday. CT Real Estate Investment Trust has a 1 year low of C$12.60 and a 1 year high of C$16.32. 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 stock has a 50 day simple moving average of C$15.57 and a 200-day simple moving average of C$14.36. The stock has a market cap of C$1.67 billion, a PE ratio of 16.78, a PEG ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a dividend of $0.0771 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.93 dividend on an annualized basis and a yield of 5.99%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.