Raymond James reaffirmed their hold rating on shares of CT Real Estate Investment Trust (TSE:CRT.UN) in a report issued on Friday morning, AnalystRatings.com reports. Raymond James currently has a C$15.00 price objective on the real estate investment trust’s stock.
TSE:CRT.UN opened at C$14.52 on Friday. The firm has a market capitalization of $1.41 billion and a P/E ratio of 38.01. CT Real Estate Investment Trust has a one year low of C$11.26 and a one year high of C$14.77. The stock has a 50-day moving average price of C$14.47. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of 84.83.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be paid a $0.0631 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.21%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 198.95%.
CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.
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