CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.94 and traded as high as C$16.09. CT Real Estate Investment Trust shares last traded at C$16.04, with a volume of 121,077 shares changing hands.
Analyst Ratings Changes
Separately, TD Securities raised their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$15.75.
Read Our Latest Research Report on CT Real Estate Investment Trust
CT Real Estate Investment Trust Price Performance
CT Real Estate Investment Trust Announces Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Wednesday, July 31st. CT Real Estate Investment Trust’s payout ratio is 101.09%.
About CT Real Estate Investment Trust
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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