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

CT Real Estate Investment Trust (TSE:CRT.UN) announced 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 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 quick ratio of 0.10 and a current ratio of 0.09. The company has a market cap of C$1.47 billion, a PE ratio of 15.62, a P/E/G ratio of 0.76 and a beta of 0.95. The business has a 50-day simple moving average of C$13.82 and a two-hundred day simple moving average of C$14.00. CT Real Estate Investment Trust has a fifty-two week low of C$12.57 and a fifty-two week high of C$16.21.

Analyst Ratings Changes

Separately, BMO Capital Markets raised their price target on CT Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.