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

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.0771 per share by the real estate investment trust on Tuesday, February 18th. This represents a $0.93 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, January 31st.

CT Real Estate Investment Trust Stock Performance

CRT.UN stock opened at C$14.23 on Wednesday. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The stock has a market cap of C$1.54 billion, a P/E ratio of 15.47, a P/E/G ratio of 0.76 and a beta of 1.00. The firm has a 50 day simple moving average of C$14.59 and a 200 day simple moving average of C$14.93. CT Real Estate Investment Trust has a 52 week low of C$12.80 and a 52 week high of C$16.32.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRT.UN. BMO Capital Markets raised their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. National Bankshares set a C$16.25 target price on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Friday, December 20th.

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.