CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.95 and traded as low as C$14.15. CT Real Estate Investment Trust shares last traded at C$14.68, with a volume of 259,075 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CRT.UN shares. National Bankshares set a C$16.25 price target on CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Friday, December 20th. BMO Capital Markets increased their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th.

CT Real Estate Investment Trust Price Performance

The stock has a 50 day moving average of C$14.48 and a 200-day moving average of C$14.95. 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 company has a market cap of C$1.59 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.0771 dividend. This represents a $0.93 annualized dividend and a dividend yield of 6.30%. The ex-dividend date is Friday, January 31st. CT Real Estate Investment Trust’s payout ratio is 101.09%.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores.