CT Real Estate Investment Trust (TSE:CRT.UN) Increases Dividend to $0.08 Per Share

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Friday, June 28th, TickerTech reports. Investors of record on Monday, July 15th will be given a dividend of 0.0771 per share by the real estate investment trust on Monday, July 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from CT Real Estate Investment Trust’s previous monthly dividend of $0.08.

CT Real Estate Investment Trust Stock Performance

CRT.UN stock traded down C$0.17 during midday trading on Wednesday, reaching C$13.04. 79,981 shares of the company’s stock traded hands, compared to its average volume of 138,593. The company has a 50-day moving average price of C$13.51 and a two-hundred day moving average price of C$13.99. The company has a debt-to-equity ratio of 76.41, a quick ratio of 0.10 and a current ratio of 0.19. CT Real Estate Investment Trust has a 52 week low of C$12.57 and a 52 week high of C$15.71. The firm has a market capitalization of C$1.41 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.76 and a beta of 0.97.

Analyst Ratings Changes

Separately, Desjardins lowered their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$15.93.

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.