Shares of CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$17.90.
Several research analysts have issued reports on CRT.UN shares. Raymond James Financial raised 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. Desjardins boosted 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 note on Wednesday, May 13th. TD increased their price objective 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 research note on Wednesday, May 13th. Finally, Scotia upped their target price on shares of 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.
Check Out Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Trading Up 0.3%
CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (EPS) for the quarter. The firm had revenue of C$157.56 million during the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. On average, equities research analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.
CT Real Estate Investment Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) 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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