CT Real Estate Investment Trust (TSE:CRT.UN) Increases Dividend to $0.08 Per Share

Key Points

• CT Real Estate Investment Trust has declared a monthly dividend of $0.08 per share, representing a 1.9% increase from the previous dividend, with an annualized yield of 6.13%.
• The stock recently opened at C$15.47 and has a market capitalization of C$1.68 billion, with a strong debt-to-equity ratio of 75.45.
• Analysts have raised their price targets for CT Real Estate Investment Trust, with updates from National Bankshares and Scotiabank setting targets at C$15.75 and C$16.50, respectively.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.079 per share by the real estate investment trust on Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, July 31st. This is a 1.9% increase from CT Real Estate Investment Trust's previous monthly dividend of $0.08.

CT Real Estate Investment Trust Trading Down 0.2%

Shares of CT Real Estate Investment Trust stock traded down C$0.03 during trading hours on Friday, hitting C$15.39. The company's stock had a trading volume of 75,575 shares, compared to its average volume of 154,700. The company has a market capitalization of C$1.67 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The stock has a 50 day moving average of C$15.84 and a 200 day moving average of C$15.05. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. CT Real Estate Investment Trust has a 12 month low of C$13.42 and a 12 month high of C$16.48.

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.