Shares of CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$15.70.
Several equities research analysts have recently issued reports on the stock. Desjardins lowered their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. TD Securities raised their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a report on Wednesday.
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CT Real Estate Investment Trust Stock Performance
CT Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.0771 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.92%. CT Real Estate Investment Trust’s payout ratio is currently 101.09%.
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.
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