CT Real Estate Investment Trust (CRT.UN) to Issue Monthly Dividend of $0.08 on November 16th

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Friday, October 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.0818 per share by the real estate investment trust on Monday, November 16th. This represents a $0.98 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, October 30th.

CT Real Estate Investment Trust Stock Performance

Shares of TSE CRT.UN opened at C$17.45 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a 12 month low of C$15.66 and a 12 month high of C$18.95. The stock has a 50 day moving average of C$17.23 and a 200-day moving average of C$17.43. The company has a market capitalization of C$4.17 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.76 and a beta of 0.96.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$156.71 million during the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. As a group, equities research analysts predict that CT Real Estate Investment Trust will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRT.UN. Royal Bank Of Canada upped their price objective on shares of CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 19th. National Bank Financial upgraded shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$18.75 price target for the company in a report on Wednesday, October 21st. Finally, Raymond James Financial upgraded CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 price target on the stock in a report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of C$18.25.

CT Real Estate Investment Trust Company Profile

CT REIT 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 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT’s most significant tenant.