CT Real Estate Investment Trust (TSE:CRT.UN) Director Dean Charles Mccann acquired 20,000 shares of the business's stock in a transaction dated Friday, February 19th. The stock was purchased at an average cost of C$15.48 per share, with a total value of C$309,600.00. Following the transaction, the director now owns 20,000 shares of the company's stock, valued at C$309,600.
CRT.UN traded down C$0.23 during trading on Tuesday, hitting C$15.31. 91,234 shares of the company's stock were exchanged, compared to its average volume of 164,385. The company has a current ratio of 0.12, a quick ratio of 0.03 and a debt-to-equity ratio of 80.55. CT Real Estate Investment Trust has a 1 year low of C$9.14 and a 1 year high of C$16.92. The stock has a 50 day moving average price of C$15.59 and a 200 day moving average price of C$14.74. The firm has a market cap of C$3.54 billion and a P/E ratio of 42.46.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 15th will be paid a dividend of $0.0669 per share. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $0.80 annualized dividend and a yield of 5.24%. CT Real Estate Investment Trust's dividend payout ratio is currently 214.49%.
A number of equities research analysts recently issued reports on CRT.UN shares. Royal Bank of Canada boosted their target price on shares of CT Real Estate Investment Trust from C$15.50 to C$16.00 and gave the company a "sector perform" rating in a report on Wednesday, February 10th. TD Securities boosted their target price on shares of CT Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company a "buy" rating in a report on Wednesday, February 10th. CIBC boosted their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a report on Wednesday, February 10th. Scotiabank boosted their target price on shares of CT Real Estate Investment Trust from C$16.00 to C$17.00 in a report on Wednesday, February 10th. Finally, National Bank Financial boosted their target price on shares of CT Real Estate Investment Trust from C$15.50 to C$17.00 and gave the company an "outperform" rating in a report on Monday, November 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of "Hold" and an average target price of C$16.11.
CT Real Estate Investment Trust Company Profile
CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.
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