Shares of CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$17.44 and traded as low as C$17.27. CT Real Estate Investment Trust shares last traded at C$17.38, with a volume of 197,162 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on CRT.UN. Raymond James Financial raised shares of CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 price target on the stock in a research report on Friday, October 2nd. Royal Bank Of Canada upped their price objective on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 19th. Finally, National Bank Financial upgraded shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 target price on the stock in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$18.25.
Read Our Latest Stock Analysis on CT Real Estate Investment Trust
CT Real Estate Investment Trust Stock Performance
The firm has a 50 day moving average of C$17.22 and a two-hundred day moving average of C$17.44. The stock has a market cap of C$4.15 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.76 and a beta of 0.96. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.
CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last released its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. On average, research analysts predict that CT Real Estate Investment Trust will post 1.17 EPS for the current fiscal year.
CT Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be given a $0.0818 dividend. This represents a $0.98 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 30th. CT Real Estate Investment Trust’s dividend payout ratio is currently 49.59%.
About CT Real Estate Investment Trust
CT REIT 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 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.
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