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 objective upped by TD Securities from C$15.00 to C$16.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

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

CT Real Estate Investment Trust Price Performance

The business’s 50 day simple moving average is C$14.43 and its 200-day simple moving average is C$13.94. The company has a market capitalization 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. CT Real Estate Investment Trust has a 52 week low of C$12.57 and a 52 week high of C$15.75. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

CT Real Estate Investment Trust Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, July 31st. This represents a $0.93 annualized dividend and a dividend yield of ∞. CT Real Estate Investment Trust’s payout ratio is 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.