National Bank Financial Raises CT Real Estate Investment Trust (TSE:CRT.UN) Price Target to C$17.00

CT Real Estate Investment Trust (TSE:CRT.UN) had its price objective raised by National Bank Financial from C$16.50 to C$17.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

CRT.UN has been the subject of a number of other reports. CIBC raised their price target on CT Real Estate Investment Trust from C$15.00 to C$15.50 in a report on Wednesday. Royal Bank of Canada raised their price target on CT Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a sector perform rating in a report on Wednesday. TD Securities raised their price target on CT Real Estate Investment Trust from C$15.50 to C$16.00 and gave the company a buy rating in a report on Friday, September 20th. Finally, Raymond James set a C$15.50 price target on CT Real Estate Investment Trust and gave the company a market perform rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$15.92.

Shares of CRT.UN opened at C$15.04 on Wednesday. CT Real Estate Investment Trust has a 1 year low of C$11.26 and a 1 year high of C$15.34. The company has a current ratio of 0.10, a quick ratio of 0.04 and a debt-to-equity ratio of 84.53. The stock has a 50 day simple moving average of C$14.89 and a 200-day simple moving average of C$14.47. The stock has a market cap of $1.56 billion and a PE ratio of 38.17.

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a dividend of $0.0631 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.03%. CT Real Estate Investment Trust’s dividend payout ratio is 192.89%.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.

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Analyst Recommendations for CT Real Estate Investment Trust (TSE:CRT.UN)

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