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

CT Real Estate Investment Trust (TSE:CRT.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid 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 dividend yield of 6.18%. The ex-dividend date of this dividend is Friday, February 28th.

CT Real Estate Investment Trust Stock Performance

CRT.UN stock traded up C$0.15 during trading on Wednesday, reaching C$14.96. 24,085 shares of the company’s stock were exchanged, compared to its average volume of 160,310. The company’s fifty day moving average price is C$14.39 and its 200-day moving average price is C$14.98. The firm has a market cap of C$1.62 billion, a PE ratio of 16.26, a P/E/G ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a 1-year low of C$12.80 and a 1-year high of C$16.32. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Desjardins reduced their price objective on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Wednesday, February 12th. National Bankshares set a C$16.25 target price on CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note 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.