CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.
Analysts Set New Price Targets
CRT.UN has been the topic of a number of recent research reports. National Bankshares raised their price objective on CT Real Estate Investment Trust from C$15.50 to C$15.75 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Scotiabank raised their price objective 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.
Read Our Latest Stock Report on CRT.UN
CT Real Estate Investment Trust Trading Up 1.2%
The company has a market cap of C$1.73 billion, a P/E ratio of 17.35, a PEG ratio of 0.76 and a beta of 1.00. The firm's 50 day moving average is C$15.63 and its two-hundred day moving average is C$14.87. 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 business also recently announced a monthly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were issued a dividend of $0.0775 per share. The ex-dividend date was Friday, May 30th. This is an increase from CT Real Estate Investment Trust's previous monthly dividend of $0.08. This represents a $0.93 annualized dividend and a yield of 5.83%. CT Real Estate Investment Trust's payout ratio is presently 101.09%.
CT Real Estate Investment Trust Company Profile
(
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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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