CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Above 50-Day Moving Average of $14.94

Posted by Defense World Staff on Sep 24th, 2024

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.94 and traded as high as C$16.09. CT Real Estate Investment Trust shares last traded at C$16.04, with a volume of 121,077 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities raised their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$15.75.

Read Our Latest Research Report on CT Real Estate Investment Trust

CT Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$1.74 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The business has a 50-day moving average of C$14.94 and a 200 day moving average of C$14.06. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Wednesday, July 31st. CT Real Estate Investment Trust’s payout ratio is 101.09%.

About CT Real Estate Investment Trust

(Get Free Report)

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.