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

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Friday, June 28th, TickerTech reports. Stockholders 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 annualized dividend and a dividend yield of 7.06%. The ex-dividend date is Friday, June 28th. This is a boost from CT Real Estate Investment Trust’s previous monthly dividend of $0.08.

CT Real Estate Investment Trust Stock Performance

CT Real Estate Investment Trust stock traded down C$0.11 on Wednesday, reaching C$13.10. 66,981 shares of the stock were exchanged, compared to its average volume of 138,488. The stock has a market cap of C$1.42 billion, a PE ratio of 13.76, a PEG ratio of 0.76 and a beta of 0.97. The company has a current ratio of 0.19, a quick ratio of 0.10 and a debt-to-equity ratio of 76.41. CT Real Estate Investment Trust has a twelve month low of C$12.57 and a twelve month high of C$15.71. The firm has a fifty day moving average price of C$13.51 and a two-hundred day moving average price of C$13.99.

Analyst Upgrades and Downgrades

Separately, Desjardins lowered their price target 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 research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average 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.