CT Real Estate Investment Trust (CRT.UN) to Issue Monthly Dividend of $0.07 on May 15th

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0748 per share by the real estate investment trust on Wednesday, May 15th. This represents a $0.90 annualized dividend and a yield of 6.60%. The ex-dividend date is Monday, April 29th.

CT Real Estate Investment Trust Price Performance

TSE:CRT.UN remained flat at C$13.59 during trading hours on Friday. 165,001 shares of the company’s stock traded hands, compared to its average volume of 132,540. The company has a current ratio of 0.09, a quick ratio of 0.10 and a debt-to-equity ratio of 77.50. CT Real Estate Investment Trust has a twelve month low of C$12.57 and a twelve month high of C$16.21. The stock has a market capitalization of C$1.47 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The firm has a 50-day moving average of C$13.82 and a 200 day moving average of C$14.00.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their price objective on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$16.29.

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.