National Bankshares set a C$16.25 target price on CT Real Estate Investment Trust (TSE:CRT.UN - Free Report) in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust's stock.
CRT.UN has been the subject of a number of other research reports. TD Securities lifted their target price on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a "hold" rating in a report on Wednesday, September 4th. BMO Capital Markets raised their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th.
Read Our Latest Report on CRT.UN
CT Real Estate Investment Trust Price Performance
Shares of CT Real Estate Investment Trust stock traded up C$0.45 during trading hours on Friday, reaching C$14.55. The company's stock had a trading volume of 1,602,415 shares, compared to its average volume of 151,265. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. CT Real Estate Investment Trust has a one year low of C$12.80 and a one year high of C$16.32. The firm has a 50 day moving average price of C$15.19 and a 200-day moving average price of C$14.75. The stock has a market cap of C$1.58 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.76 and a beta of 1.00.
CT Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date was Thursday, October 31st. CT Real Estate Investment Trust's dividend payout ratio (DPR) is presently 101.09%.
CT Real Estate Investment Trust Company Profile
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CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.
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