CT Real Estate Investment Trust (TSE:CRT.UN)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 90734 shares traded. The stock had previously closed at C$15.45.

Several equities analysts have weighed in on the company. Scotiabank raised their price objective on CT Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Wednesday, November 4th. TD Securities increased their target price on shares of CT Real Estate Investment Trust from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. BMO Capital Markets boosted their price target on shares of CT Real Estate Investment Trust from C$15.50 to C$16.25 in a report on Monday, December 14th. Royal Bank of Canada increased their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a “sector perform” rating in a research note on Wednesday, November 4th. Finally, National Bank Financial lifted their target price on shares of CT Real Estate Investment Trust from C$15.50 to C$17.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd.

The stock has a 50 day moving average price of C$15.38 and a 200 day moving average price of C$14.36. The company has a debt-to-equity ratio of 78.48, a quick ratio of 0.19 and a current ratio of 0.26. The company has a market capitalization of C$3.54 billion and a P/E ratio of 31.40.

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 15th. Investors of record on Friday, January 15th will be issued a dividend of $0.0669 per share. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.20%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 159.56%.

About CT Real Estate Investment Trust (TSE:CRT.UN)

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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