CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.00 and traded as low as C$13.43. CT Real Estate Investment Trust shares last traded at C$13.64, with a volume of 188,882 shares traded.
Analyst Upgrades and Downgrades
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 note on Tuesday, February 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, CT Real Estate Investment Trust has a consensus rating of “Hold” and an average target price of C$16.29.
Get Our Latest Research Report on CRT.UN
CT Real Estate Investment Trust Stock Up 0.8 %
CT Real Estate Investment Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.0748 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 6.58%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 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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