Desjardins Comments on CT Real Estate Investment Trust’s Q3 2017 Earnings (CRT)
CT Real Estate Investment Trust (TSE:CRT) – Desjardins cut their Q3 2017 earnings per share (EPS) estimates for shares of CT Real Estate Investment Trust in a report issued on Thursday. Desjardins analyst M. Markidis now expects that the company will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.29. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for CT Real Estate Investment Trust’s Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.12 EPS, FY2018 earnings at $1.15 EPS and FY2019 earnings at $1.19 EPS.
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The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of Infinity. The ex-dividend date is Thursday, July 27th.
About CT Real Estate Investment Trust
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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