Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$15.27 and traded as high as C$16.17. CT Real Estate Investment Trust shares last traded at C$15.97, with a volume of 111,698 shares.
Wall Street Analyst Weigh In
CRT.UN has been the topic of a number of research analyst reports. Scotiabank raised their price target on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. National Bankshares raised their price target on shares of CT Real Estate Investment Trust from C$15.50 to C$15.75 and gave the company a "sector perform" rating in a report on Wednesday, May 7th.
View Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Trading Down 0.2%
The firm has a market capitalization of C$1.72 billion, a P/E ratio of 17.25, a PEG ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The business's 50 day moving average is C$15.36 and its two-hundred day moving average is C$14.80.
CT Real Estate Investment Trust Increases Dividend
The company also recently announced a monthly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a dividend of $0.0775 per share. This is a positive change from CT Real Estate Investment Trust's previous monthly dividend of $0.08. This represents a $0.93 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend was Friday, May 30th. CT Real Estate Investment Trust's payout ratio 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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