CT Real Estate Investment Trust (TSE:CRT.UN) Announces Monthly Dividend of $0.08

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.0771 per share by the real estate investment trust on Thursday, August 15th. This represents a $0.93 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Wednesday, July 31st.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN opened at C$14.63 on Monday. The firm has a market cap of C$1.59 billion, a PE ratio of 15.40, a PEG ratio of 0.76 and a beta of 0.97. The firm’s 50 day moving average price is C$13.62 and its 200 day moving average price is C$13.88. The company has a debt-to-equity ratio of 76.41, a quick ratio of 0.10 and a current ratio of 0.19. CT Real Estate Investment Trust has a twelve month low of C$12.57 and a twelve month high of C$15.62.

Wall Street Analysts Forecast Growth

Separately, Desjardins lowered their price target on CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of C$15.70.

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.