CT Real Estate Investment Trust (TSE:CRT.UN) Given a C$16.25 Price Target at National Bankshares

National Bankshares set a C$16.25 price objective on CT Real Estate Investment Trust (TSE:CRT.UN) in a research report released on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets increased their target price on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. TD Securities lifted their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

CT Real Estate Investment Trust Price Performance

CRT.UN opened at C$14.55 on Friday. The company has a fifty day moving average price of C$15.18 and a two-hundred day moving average price of C$14.76. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The firm has a market capitalization of C$1.58 billion, a PE ratio of 15.82, a P/E/G ratio of 0.76 and a beta of 1.00. CT Real Estate Investment Trust has a 52 week low of C$12.80 and a 52 week high of C$16.32.

CT Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend was Thursday, October 31st. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 101.09%.

CT Real Estate Investment Trust Company Profile

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.