CT Real Estate Investment Trust (TSE:CRT.UN) Hits New 52-Week High at $15.65

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CT Real Estate Investment Trust (TSE:CRT.UN) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.65 and last traded at C$15.64, with a volume of 23116 shares trading hands. The stock had previously closed at C$15.55.

CRT.UN has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price 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 note on Wednesday, November 6th. National Bank Financial lifted their target price on shares of CT Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. CIBC lifted their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$15.50 in a research note on Wednesday, November 6th. Raymond James set a C$15.50 target price on shares of CT Real Estate Investment Trust and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Finally, TD Securities lifted their price target 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 research report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$15.92.

The company has a market cap of $1.61 billion and a P/E ratio of 39.15. The company has a quick ratio of 0.14, a current ratio of 0.20 and a debt-to-equity ratio of 80.09. The stock’s 50-day moving average price is C$15.08 and its 200 day moving average price is C$14.64.

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Tuesday, November 26th. CT Real Estate Investment Trust’s dividend payout ratio is 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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