CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$17.98 and last traded at C$17.94, with a volume of 72711 shares. The stock had previously closed at C$17.91.
Analyst Upgrades and Downgrades
CRT.UN has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their target price on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Desjardins raised their price target on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Scotia boosted their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Raymond James Financial upped their price objective on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, TD raised their target price on shares of CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$17.90.
View Our Latest Report on CT Real Estate Investment Trust
CT Real Estate Investment Trust Stock Up 0.1%
CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The company had revenue of C$157.56 million for the quarter. On average, equities research analysts expect that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.
CT Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a $0.079 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Thursday, April 30th. CT Real Estate Investment Trust’s payout ratio is currently 51.56%.
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. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.
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