CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.0771 per share by the real estate investment trust on Monday, March 17th. This represents a $0.93 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Friday, February 28th.
CT Real Estate Investment Trust Stock Performance
TSE CRT.UN traded up C$0.09 during trading on Wednesday, reaching C$14.90. The company’s stock had a trading volume of 27,060 shares, compared to its average volume of 160,346. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a twelve month low of C$12.80 and a twelve month high of C$16.32. The business’s fifty day moving average price is C$14.39 and its 200-day moving average price is C$14.98.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CRT.UN. Desjardins cut their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a research report on Wednesday, February 12th. National Bankshares set a C$16.25 price target on shares of CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a research report on Friday, December 20th.
CT Real Estate Investment Trust Company Profile
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores.
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