CT Real Estate Investment Trust (TSE:CRT.UN) Announces 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 paid 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 6.54%. The ex-dividend date of this dividend is Friday, January 31st.

CT Real Estate Investment Trust Price Performance

CRT.UN opened at C$14.15 on Wednesday. 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 debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.76 and a beta of 1.00. The firm’s fifty day moving average price is C$14.59 and its two-hundred day moving average price is C$14.93.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRT.UN. BMO Capital Markets increased their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. National Bankshares set a C$16.25 price objective on CT Real Estate Investment Trust and gave the company a “sector perform” rating in a report on Friday, December 20th.

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.