CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.46 and traded as high as C$16.05. CT Real Estate Investment Trust shares last traded at C$15.92, with a volume of 113,790 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently issued reports on CRT.UN shares. Scotiabank raised their price objective on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. National Bankshares raised their price objective on CT Real Estate Investment Trust from C$15.50 to C$15.75 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th.
Check Out Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Stock Performance
The company has a 50 day moving average price of C$15.52 and a 200-day moving average price of C$14.83. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The company has a market cap of C$1.72 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.
CT Real Estate Investment Trust Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were paid a $0.0775 dividend. This is a positive change from CT Real Estate Investment Trust's previous monthly dividend of $0.08. The ex-dividend date was Friday, May 30th. This represents a $0.93 annualized dividend and a dividend yield of 5.87%. CT Real Estate Investment Trust's dividend payout ratio (DPR) is presently 101.09%.
About CT Real Estate Investment Trust
(
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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.
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