CT Real Estate Investment Trust (TSE:CRT.UN) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.92 and traded as low as C$14.37. CT Real Estate Investment Trust shares last traded at C$14.51, with a volume of 232,338 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Desjardins reduced their target price on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. National Bankshares set a C$16.25 price objective on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a report on Friday, December 20th.

CT Real Estate Investment Trust Price Performance

The company has a fifty day moving average price of C$14.53 and a two-hundred day moving average price of C$14.92. The firm has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.0771 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.38%. 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.