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

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.0771 per share by the real estate investment trust on Thursday, August 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Wednesday, July 31st.

CT Real Estate Investment Trust Price Performance

Shares of TSE:CRT.UN opened at C$14.43 on Tuesday. The company’s fifty day moving average price is C$13.64 and its 200 day moving average price is C$13.88. CT Real Estate Investment Trust has a 12 month low of C$12.57 and a 12 month high of C$15.35. The company has a debt-to-equity ratio of 76.41, a current ratio of 0.19 and a quick ratio of 0.10. The firm has a market capitalization of C$1.56 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.76 and a beta of 0.97.

Analysts Set New Price Targets

Separately, Desjardins cut 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$15.70.

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.