Desjardins Has Lowered Expectations for CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price

CT Real Estate Investment Trust (TSE:CRT.UN) had its target price reduced by Desjardins from C$16.00 to C$15.50 in a research note released on Wednesday,BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on the stock. BMO Capital Markets lifted their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. National Bankshares set a C$16.25 price objective on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Friday, December 20th.

CT Real Estate Investment Trust Trading Down 1.0 %

Shares of CRT.UN stock opened at C$14.76 on Wednesday. The stock has a market cap of C$1.60 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. 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 fifty-two week low of C$12.80 and a fifty-two week high of C$16.32. The firm’s 50 day moving average price is C$14.44 and its two-hundred day moving average price is C$14.97.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0771 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.27%. CT Real Estate Investment Trust’s dividend payout ratio is currently 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.