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

CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating) announced a monthly dividend on Thursday, December 29th, TickerTech reports. Investors of record on Monday, January 16th will be paid a dividend of 0.0723 per share by the real estate investment trust on Monday, January 16th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Thursday, December 29th.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN stock traded up C$0.15 on Tuesday, reaching C$15.69. The company’s stock had a trading volume of 254,453 shares, compared to its average volume of 137,851. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 75.03. CT Real Estate Investment Trust has a 12-month low of C$14.21 and a 12-month high of C$18.46. The company has a market capitalization of C$3.68 billion and a P/E ratio of 11.71. The stock’s 50-day simple moving average is C$15.50 and its 200-day simple moving average is C$15.92.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRT.UN. BMO Capital Markets lowered their price target on CT Real Estate Investment Trust from C$18.00 to C$17.00 in a research report on Wednesday, November 9th. TD Securities reduced their price objective on CT Real Estate Investment Trust from C$17.00 to C$16.50 and set a “hold” rating on the stock in a research note on Thursday, October 20th. CIBC reduced their price objective on CT Real Estate Investment Trust from C$17.50 to C$16.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 9th. National Bankshares reduced their price objective on CT Real Estate Investment Trust from C$18.00 to C$17.50 in a research note on Monday, October 24th. Finally, Scotiabank reduced their price objective on CT Real Estate Investment Trust from C$18.00 to C$17.50 in a research note on Thursday, November 10th.

CT Real Estate Investment Trust Company Profile

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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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