CT Real Estate Investment Trust (TSE:CRT.UN - Free Report) had its target price boosted by BMO Capital Markets from C$15.00 to C$16.00 in a research report released on Monday, BayStreet.CA reports.
Separately, TD Securities boosted their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a "hold" rating in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$15.92.
View Our Latest Stock Report on CRT.UN
CT Real Estate Investment Trust Stock Performance
TSE:CRT.UN traded up C$0.01 during midday trading on Monday, reaching C$15.51. The stock had a trading volume of 61,803 shares, compared to its average volume of 150,486. The firm has a fifty day simple moving average of C$15.53 and a two-hundred day simple moving average of C$14.35. CT Real Estate Investment Trust has a 12-month low of C$12.57 and a 12-month high of C$16.32. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The stock has a market cap of C$1.68 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.76 and a beta of 1.00.
CT Real Estate Investment Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0771 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.93 annualized dividend and a dividend yield of 5.97%. CT Real Estate Investment Trust's payout ratio is currently 101.09%.
About CT Real Estate Investment Trust
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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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