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

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.0771 per share by the real estate investment trust on Tuesday, February 18th. This represents a $0.93 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, January 31st.

CT Real Estate Investment Trust Price Performance

CT Real Estate Investment Trust stock opened at C$14.23 on Wednesday. CT Real Estate Investment Trust has a 52-week low of C$12.80 and a 52-week high of C$16.32. The firm has a fifty day moving average of C$14.59 and a 200-day moving average of C$14.93. The firm has a market capitalization of C$1.54 billion, a P/E ratio of 15.47, a PEG ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. National Bankshares set a C$16.25 target price on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Friday, December 20th. BMO Capital Markets upped their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th.

About CT Real Estate Investment Trust

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.