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

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be given 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 of this dividend is Monday, April 29th.

CT Real Estate Investment Trust Stock Performance

CRT.UN stock remained flat at C$13.59 during mid-day trading on Friday. 165,001 shares of the company’s stock were exchanged, compared to its average volume of 132,540. The stock has a market cap of C$1.47 billion, a PE ratio of 15.62, a PEG ratio of 0.76 and a beta of 0.95. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.10 and a current ratio of 0.09. CT Real Estate Investment Trust has a 12 month low of C$12.57 and a 12 month high of C$16.21. The company’s fifty day moving average price is C$13.82 and its 200 day moving average price is C$14.00.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price objective 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 assigned a buy rating to the company. According to MarketBeat.com, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of C$16.29.

About CT Real Estate Investment Trust

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.