CT Real Estate Investment Trust (CRT.UN) to Distribute Monthly Dividend of $0.08 on August 17th

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 17th will be given a dividend of 0.0818 per share by the real estate investment trust on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, July 31st.

CT Real Estate Investment Trust Trading Down 0.1%

Shares of TSE CRT.UN traded down C$0.02 during mid-day trading on Wednesday, hitting C$18.79. The company’s stock had a trading volume of 14,460 shares, compared to its average volume of 192,257. CT Real Estate Investment Trust has a one year low of C$15.26 and a one year high of C$18.95. The company’s fifty day simple moving average is C$18.22 and its 200-day simple moving average is C$17.44. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The stock has a market cap of C$4.48 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$157.56 million for the quarter. On average, sell-side analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CRT.UN has been the topic of several recent research reports. Scotia raised their price target on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Desjardins increased their target price on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. TD boosted their target price on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Finally, Raymond James Financial lifted their price objective on shares of CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, CT Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$17.90.

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. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.