CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as C$18.41 and last traded at C$18.31, with a volume of 9336 shares changing hands. The stock had previously closed at C$18.22.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Scotia increased their price target 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 report on Wednesday, May 13th. Raymond James Financial increased their price target on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. TD increased their price target 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 report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of 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. Finally, Desjardins raised their target price on shares of 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. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$17.90.
View Our Latest Report on CRT.UN
CT Real Estate Investment Trust Stock Performance
CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last posted its earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The firm had revenue of C$157.56 million during the quarter. On average, equities research analysts expect that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.
CT Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, April 30th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 51.56%.
CT Real Estate Investment Trust Company Profile
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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