CT Real Estate Investment Trust Announces Monthly Dividend of $0.07 (TSE:CRT.UN)
CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating) announced a monthly dividend on Friday, October 28th, TickerTech reports. Investors of record on Tuesday, November 15th will be given a dividend of 0.0723 per share by the real estate investment trust on Tuesday, November 15th. This represents a $0.87 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Friday, October 28th.
CT Real Estate Investment Trust Stock Performance
CRT.UN opened at C$15.34 on Wednesday. The company has a market capitalization of C$3.59 billion and a PE ratio of 11.20. The company has a debt-to-equity ratio of 73.78, a current ratio of 0.19 and a quick ratio of 0.14. The business has a fifty day simple moving average of C$15.74 and a 200 day simple moving average of C$16.51. CT Real Estate Investment Trust has a 1 year low of C$14.21 and a 1 year high of C$18.46.
Analyst Rating Changes
Several brokerages have weighed in on CRT.UN. Scotiabank dropped their price objective on CT Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Wednesday, August 10th. CIBC dropped their price objective on CT Real Estate Investment Trust from C$18.00 to C$17.50 and set a “neutral” rating for the company in a report on Wednesday, August 10th. Royal Bank of Canada lifted their price objective on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, August 12th. National Bankshares lowered their price target on CT Real Estate Investment Trust from C$18.00 to C$17.50 in a report on Monday. Finally, TD Securities lowered their price target on CT Real Estate Investment Trust from C$17.00 to C$16.50 and set a “hold” rating for the company in a report on Thursday, October 20th.
About CT Real Estate Investment Trust
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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.
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