CT Real Estate Investment Trust (TSE:CRT.UN) Given a C$16.25 Price Target at National Bankshares

National Bankshares set a C$16.25 price target on CT Real Estate Investment Trust (TSE:CRT.UN) in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on the company. TD Securities lifted their price target on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. BMO Capital Markets boosted their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th.

CT Real Estate Investment Trust Trading Up 3.2 %

Shares of CRT.UN stock opened at C$14.55 on Friday. CT Real Estate Investment Trust has a 12 month low of C$12.80 and a 12 month high of C$16.32. The company has a market cap of C$1.58 billion, a PE ratio of 15.82, 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. The business’s 50 day moving average is C$15.18 and its two-hundred day moving average is C$14.76.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.0771 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.36%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 101.09%.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.