Raymond James Financial Cuts CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$19.25

by · The Markets Daily

CT Real Estate Investment Trust (TSE:CRT.UN – Free Report) had its price objective trimmed by Raymond James Financial from C$19.75 to C$19.25 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has a market perform rating on the real estate investment trust’s stock.

A number of other research firms have also commented on CRT.UN. Desjardins lifted their price objective 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. Scotia increased their target price 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. Finally, TD raised their target price on 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.com, the company has a consensus rating of “Hold” and an average price target of C$17.93.

Read Our Latest Stock Analysis on CRT.UN

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN opened at C$18.01 on Wednesday. The company has a market capitalization of C$4.31 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. CT Real Estate Investment Trust has a one year low of C$15.66 and a one year high of C$18.95. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The company’s fifty day moving average price is C$18.32 and its 200 day moving average price is C$17.56.

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 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$156.71 million during the quarter. As a group, 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 company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.0818 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. CT Real Estate Investment Trust’s payout ratio is currently 49.59%.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

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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