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

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

Separately, Desjardins cut 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 report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, CT Real Estate Investment Trust has an average rating of Hold and an average target price of C$15.75.

CT Real Estate Investment Trust Price Performance

CT Real Estate Investment Trust has a one year low of C$12.57 and a one year high of C$15.75. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 0.76 and a beta of 0.99. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The business’s 50-day moving average is C$14.43 and its 200 day moving average is C$13.94.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a $0.0771 dividend. This represents a $0.93 annualized dividend and a yield of ∞. The ex-dividend date 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.