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

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Investors 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 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Monday, April 29th.

CT Real Estate Investment Trust Stock Performance

Shares of TSE:CRT.UN opened at C$13.59 on Friday. The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. CT Real Estate Investment Trust has a 52 week low of C$12.57 and a 52 week high of C$16.21. The company has a quick ratio of 0.10, a current ratio of 0.09 and a debt-to-equity ratio of 77.50. The firm has a 50 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 upped their price target on CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, CT Real Estate Investment Trust has an average rating of “Hold” and an average 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.