CT Real Estate Investment Trust (TSE:CRT.UN) Reaches New 52-Week High at $15.39

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) reached a new 52-week high on Wednesday . The stock traded as high as C$15.39 and last traded at C$15.17, with a volume of 4412 shares. The stock had previously closed at C$15.12.

A number of equities research analysts have issued reports on CRT.UN shares. TD Securities boosted their target price on shares of 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. CIBC lifted their target price on CT Real Estate Investment Trust from C$15.00 to C$15.50 in a report on Wednesday, November 6th. National Bank Financial upped their price target on CT Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Raymond James set a C$15.50 price target on shares of CT Real Estate Investment Trust and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$15.92.

The company has a debt-to-equity ratio of 80.09, a current ratio of 0.20 and a quick ratio of 0.14. The stock has a market cap of $1.59 billion and a P/E ratio of 38.38. The firm’s fifty day moving average price is C$15.05 and its two-hundred day moving average price is C$14.62.

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.76 dividend on an annualized basis and a yield of 4.93%. CT Real Estate Investment Trust’s dividend payout ratio is presently 190.00%.

About CT Real Estate Investment Trust (TSE:CRT.UN)

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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