CT Real Estate Investment Trust (TSE:CRT.UN) Declares Monthly Dividend of $0.08

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be given a dividend of 0.0771 per share by the real estate investment trust on Thursday, May 15th. This represents a $0.93 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Wednesday, April 30th.

CT Real Estate Investment Trust Trading Up 0.4 %

Shares of CT Real Estate Investment Trust stock opened at C$14.80 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a 12-month low of C$12.80 and a 12-month high of C$16.32. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.76 and a beta of 1.00. The firm’s 50-day moving average price is C$14.57 and its two-hundred day moving average price is C$14.73.

Analyst Ratings Changes

Separately, Desjardins reduced their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a research report on Wednesday, February 12th.

CT Real Estate Investment Trust Company Profile

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.