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

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 Price Performance

Shares of CRT.UN remained flat at C$13.59 during midday trading on Friday. The stock had a trading volume of 165,001 shares, compared to its average volume of 132,540. 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 current ratio of 0.09, a quick ratio of 0.10 and a debt-to-equity ratio of 77.50. The stock has a market capitalization of C$1.47 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.76 and a beta of 0.95. The firm has a fifty day moving average of C$13.82 and a 200 day moving average of C$14.00.

Wall Street Analysts Forecast Growth

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

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.