CT Real Estate Investment Trust (TSE:CRT.UN) Price Target Raised to C$16.00 at TD Securities

CT Real Estate Investment Trust (TSE:CRT.UN) had its price target upped by TD Securities from C$15.00 to C$16.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

Separately, Desjardins reduced their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a hold rating for the company in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, CT Real Estate Investment Trust currently has an average rating of Hold and an average price target of C$15.75.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$15.53 on Wednesday. The company has a fifty day moving average of C$14.29 and a 200-day moving average of C$13.91. The firm has a market capitalization of C$1.68 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.76 and a beta of 0.99. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a twelve month low of C$12.57 and a twelve month high of C$15.75.

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 given a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend was Wednesday, July 31st. CT Real Estate Investment Trust’s dividend payout ratio is presently 101.09%.

About CT Real Estate Investment Trust

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.