National Bankshares Forecasts Strong Price Appreciation for CT Real Estate Investment Trust (TSE:CRT.UN) Stock

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective upped by National Bankshares from C$15.50 to C$15.75 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other research analysts also recently issued reports on CRT.UN. Scotiabank lifted their price objective on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Tuesday. Desjardins reduced their price objective on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a research report on Wednesday, February 12th.

CT Real Estate Investment Trust Price Performance

Shares of TSE CRT.UN opened at C$15.28 on Wednesday. The company’s 50-day moving average price is C$14.63 and its 200 day moving average price is C$14.70. The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a 52 week low of C$12.80 and a 52 week high of C$16.32. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.0771 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.93 annualized dividend and a yield of 6.05%. 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 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.