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

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be paid a dividend of 0.0771 per share by the real estate investment trust on Thursday, May 15th. This represents a $0.93 annualized dividend and a yield of 6.25%. The ex-dividend date is Wednesday, April 30th.

CT Real Estate Investment Trust Trading Up 0.4 %

CT Real Estate Investment Trust stock opened at C$14.80 on Monday. 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 fifty-two week low of C$12.80 and a fifty-two week high of C$16.32. The stock has a market cap of C$1.60 billion, a P/E ratio of 16.09, a PEG ratio of 0.76 and a beta of 1.00. The firm’s fifty day moving average price is C$14.57 and its 200-day moving average price is C$14.73.

Analysts Set New Price Targets

Separately, Desjardins cut their price objective on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a report on Wednesday, February 12th.

About CT Real Estate Investment Trust

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.