CT Real Estate Investment Trust (TSE:CRT.UN) Shareholders to Collect $0.08 Monthly Dividend

CT Real Estate Investment Trust (TSE:CRT.UN) declared a monthly dividend on Friday, October 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 30th.

CT Real Estate Investment Trust Price Performance

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

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. 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 objective for the company in a research report on Wednesday, October 21st. Raymond James Financial raised CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 price objective for the company in a report on Friday, October 2nd. Finally, Royal Bank Of Canada lifted their target price 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 report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, CT Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of C$18.25.

About CT Real Estate Investment Trust

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.