CT Real Estate Investment Trust (TSE:CRT.UN) Plans 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 given a dividend of 0.0771 per share by the real estate investment trust on Monday, March 17th. This represents a $0.93 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Friday, February 28th.

CT Real Estate Investment Trust Price Performance

Shares of CRT.UN traded up C$0.15 on Wednesday, hitting C$14.96. The company’s stock had a trading volume of 21,767 shares, compared to its average volume of 160,270. The company has a market capitalization of C$1.62 billion, a PE ratio of 16.26, a PEG ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a fifty-two week low of C$12.80 and a fifty-two week high of C$16.32. The company has a 50 day moving average price of C$14.39 and a 200 day moving average price of C$14.98. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

Wall Street Analyst Weigh In

CRT.UN has been the topic of a number of recent analyst reports. Desjardins reduced their price objective on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. National Bankshares set a C$16.25 price target on CT Real Estate Investment Trust and gave the company a “sector perform” rating in a report on Friday, December 20th.

About CT Real Estate Investment Trust

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.