Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$15.59 and traded as high as C$15.98. CT Real Estate Investment Trust shares last traded at C$15.89, with a volume of 221,867 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CRT.UN shares. National Bankshares raised their price target on 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. Scotiabank raised their target price on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an "outperform" rating in a research note on Tuesday, May 6th.
View Our Latest Stock Report on CRT.UN
CT Real Estate Investment Trust Stock Up 0.1%
The business has a fifty day moving average of C$15.59 and a 200 day moving average of C$14.86. The firm has a market cap of C$1.72 billion, a P/E ratio of 17.27, a P/E/G 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.
CT Real Estate Investment Trust Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a $0.0775 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from CT Real Estate Investment Trust's previous monthly dividend of $0.08. CT Real Estate Investment Trust's dividend payout ratio is currently 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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