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

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

CT Real Estate Investment Trust Price Performance

Shares of TSE:CRT.UN opened at C$13.59 on Friday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.09 and a quick ratio of 0.10. CT Real Estate Investment Trust has a 1-year low of C$12.57 and a 1-year high of C$16.21. The company has a market capitalization of C$1.47 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.76 and a beta of 0.95. The firm’s 50 day simple moving average is C$13.82 and its two-hundred day simple moving average is C$14.00.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price target on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.