CT Real Estate Investment Trust Forecasted to Post FY2017 Earnings of $1.12 Per Share (CRT)
CT Real Estate Investment Trust (TSE:CRT) – Investment analysts at Raymond James Financial reduced their FY2017 earnings per share estimates for shares of CT Real Estate Investment Trust in a report released on Tuesday. Raymond James Financial analyst K. Avalos now expects that the company will post earnings per share of $1.12 for the year, down from their prior estimate of $1.13. Raymond James Financial also issued estimates for CT Real Estate Investment Trust’s Q1 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.30 EPS and FY2018 earnings at $1.15 EPS.
Separately, Desjardins reaffirmed a “hold” rating on shares of CT Real Estate Investment Trust in a research report on Thursday, August 3rd.
Shares of CT Real Estate Investment Trust (CRT) opened at C$15.08 on Thursday. CT Real Estate Investment Trust has a 1 year low of C$14.10 and a 1 year high of C$19.80.
The company also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.047 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 3.74%.
CT Real Estate Investment Trust Company Profile
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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