CT Real Estate Investment Trust (CRT.UN) To Go Ex-Dividend on October 31st

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0771 per share by the real estate investment trust on Friday, November 15th. This represents a $0.93 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Thursday, October 31st.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN traded down C$0.12 during mid-day trading on Tuesday, hitting C$15.39. The company’s stock had a trading volume of 7,650 shares, compared to its average volume of 149,784. The stock’s 50-day moving average is C$15.55 and its two-hundred day moving average is C$14.35. The firm has a market capitalization of C$1.67 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. CT Real Estate Investment Trust has a one year low of C$12.57 and a one year high of C$16.32.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRT.UN shares. TD Securities increased their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. BMO Capital Markets increased their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of C$15.92.

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.