CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$15.75.
Separately, TD Securities boosted their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.
Get Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Trading Down 0.4 %
CT Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.0771 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.93 annualized dividend and a dividend yield of 5.94%. CT Real Estate Investment Trust’s dividend payout ratio is presently 101.09%.
CT Real Estate Investment Trust Company Profile
CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.
Further Reading
- Five stocks we like better than CT Real Estate Investment Trust
- The 3 Best Retail Stocks to Shop for in August
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is an Earnings Surprise?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Business Services Stocks Investing
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for CT Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CT Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.