CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) declared a monthly dividend on Friday, June 28th, TickerTech reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.0771 per share by the real estate investment trust on Monday, July 15th. This represents a $0.93 annualized dividend and a yield of 7.06%. The ex-dividend date is Friday, June 28th. This is a boost from CT Real Estate Investment Trust’s previous monthly dividend of $0.08.
CT Real Estate Investment Trust Trading Down 0.8 %
Shares of CRT.UN stock traded down C$0.11 during mid-day trading on Wednesday, hitting C$13.10. 66,981 shares of the company’s stock were exchanged, compared to its average volume of 138,488. CT Real Estate Investment Trust has a fifty-two week low of C$12.57 and a fifty-two week high of C$15.71. The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.76 and a beta of 0.97. The company has a quick ratio of 0.10, a current ratio of 0.19 and a debt-to-equity ratio of 76.41. The stock has a 50-day simple moving average of C$13.51 and a two-hundred day simple moving average of C$13.99.
Analysts Set New Price Targets
Separately, Desjardins dropped their target price on CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$15.93.
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.
Featured Articles
- Five stocks we like better than CT Real Estate Investment Trust
- Breakout Stocks: What They Are and How to Identify Them
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- 3 Healthcare Dividend Stocks to Buy
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Energy and Oil Stocks Explained
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for CT Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CT Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
