CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$15.71 and traded as high as C$15.95. CT Real Estate Investment Trust shares last traded at C$15.77, with a volume of 114,644 shares.
Analyst Ratings Changes
A number of brokerages have weighed in on CRT.UN. National Bankshares upped their price objective on shares of CT Real Estate Investment Trust from C$15.50 to C$15.75 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Scotiabank upped their price objective on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th.
Read Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Trading Up 0.3%
The firm has a market cap of C$1.71 billion, a PE ratio of 17.18, a P/E/G ratio of 0.76 and a beta of 1.00. The company's fifty day moving average price is C$15.73 and its two-hundred day moving average price is C$14.92. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.
CT Real Estate Investment Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were given a $0.0775 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.93 annualized dividend and a dividend yield of 5.88%. This is a positive change from CT Real Estate Investment Trust's previous monthly dividend of $0.08. CT Real Estate Investment Trust's dividend payout ratio is presently 101.09%.
About CT Real Estate Investment Trust
(
Get Free Report)
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.
See Also
Before you consider CT Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CT Real Estate Investment Trust wasn't on the list.
While CT Real Estate Investment Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
