Brokerages Set CT Real Estate Investment Trust (TSE:CRT.UN) Target Price at C$15.75

CT Real Estate Investment Trust (TSE:CRT.UN) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$15.75.

Separately, TD Securities lifted their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, September 4th.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$15.63 on Friday. 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 firm has a market cap of C$1.69 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The firm’s fifty day moving average price is C$15.22 and its 200 day moving average price is C$14.18. CT Real Estate Investment Trust has a 1-year low of C$12.57 and a 1-year high of C$16.32.

CT Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.0771 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.92%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 101.09%.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust 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 over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.