CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$13.73 and traded as high as C$13.91. CT Real Estate Investment Trust shares last traded at C$13.89, with a volume of 126,726 shares.
Analysts Set New Price Targets
Separately, BMO Capital Markets boosted their target price on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$16.29.
Check Out Our Latest Research Report on CT Real Estate Investment Trust
CT Real Estate Investment Trust Stock Performance
CT Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a $0.0748 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 6.46%. CT Real Estate Investment Trust’s dividend payout ratio is presently 103.45%.
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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