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

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.0771 per share by the real estate investment trust on Thursday, August 15th. This represents a $0.93 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Wednesday, July 31st.

CT Real Estate Investment Trust Trading Up 0.5 %

Shares of CRT.UN opened at C$14.63 on Monday. CT Real Estate Investment Trust has a fifty-two week low of C$12.57 and a fifty-two week high of C$15.62. The company has a market capitalization of C$1.59 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.76 and a beta of 0.97. The stock has a fifty day moving average of C$13.62 and a two-hundred day moving average of C$13.88. The company has a debt-to-equity ratio of 76.41, a quick ratio of 0.10 and a current ratio of 0.19.

Analyst Upgrades and Downgrades

Separately, Desjardins dropped their target price on CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of “Hold” and an average price target of C$15.70.

About CT Real Estate Investment Trust

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.