CT Real Estate Investment Trust Announces Monthly Dividend of $0.07 (TSE:CRT.UN)

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0748 per share by the real estate investment trust on Wednesday, May 15th. This represents a $0.90 annualized dividend and a yield of 6.60%. The ex-dividend date is Monday, April 29th.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN opened at C$13.59 on Friday. The business’s fifty day simple moving average is C$13.82 and its two-hundred day simple moving average is C$14.00. The company has a current ratio of 0.09, a quick ratio of 0.10 and a debt-to-equity ratio of 77.50. CT Real Estate Investment Trust has a 12 month low of C$12.57 and a 12 month high of C$16.21. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.76 and a beta of 0.95.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their target price on CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, CT Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of C$16.29.

About CT Real Estate Investment Trust

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.