CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0771 per share by the real estate investment trust on Monday, March 17th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date is Friday, February 28th.
CT Real Estate Investment Trust Stock Up 1.0 %
CT Real Estate Investment Trust stock traded up C$0.15 during midday trading on Wednesday, reaching C$14.96. The stock had a trading volume of 24,085 shares, compared to its average volume of 160,310. The stock has a market capitalization of C$1.62 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The firm’s fifty day simple moving average is C$14.39 and its 200-day simple moving average is C$14.98. 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 1-year low of C$12.80 and a 1-year high of C$16.32.
Analysts Set New Price Targets
CRT.UN has been the topic of several recent research reports. Desjardins cut their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. 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 report on Friday, December 20th.
CT Real Estate Investment Trust Company Profile
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores.
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