CT Real Estate Investment Trust (TSE:CRT.UN – Free Report) had its price objective reduced by Desjardins from C$15.00 to C$14.50 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.
Separately, BMO Capital Markets lifted their price objective on CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of C$15.93.
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CT Real Estate Investment Trust Price Performance
CT Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be paid a $0.0748 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 6.49%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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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