CT Real Estate Investment Trust (TSE:CRT.UN) Given a C$15.50 Price Target at Raymond James

Raymond James set a C$15.50 price target on CT Real Estate Investment Trust (TSE:CRT.UN) in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a market perform rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on CRT.UN. National Bank Financial set a C$16.50 target price on CT Real Estate Investment Trust and gave the company an outperform rating in a report on Friday, September 20th. CIBC upped their target price on CT Real Estate Investment Trust from C$15.00 to C$15.50 in a report on Wednesday. TD Securities upped their target price 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, Royal Bank of Canada upped their target price 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$15.92.

Shares of TSE:CRT.UN opened at C$15.04 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.10 and a debt-to-equity ratio of 84.53. The business has a fifty day moving average of C$14.89 and a two-hundred day moving average of C$14.47. The stock has a market cap of $1.56 billion and a P/E ratio of 38.17. CT Real Estate Investment Trust has a 52-week low of C$11.26 and a 52-week high of C$15.34.

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be issued a $0.0631 dividend. This represents a $0.76 annualized dividend and a yield of 5.03%. The ex-dividend date is Wednesday, October 30th. CT Real Estate Investment Trust’s payout ratio is currently 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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