CT Real Estate Investment Trust (TSE:CRT.UN) Shares Cross Below 200-Day Moving Average – Here’s Why

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

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

CT Real Estate Investment Trust Trading Down 0.8 %

The company’s 50 day simple moving average is C$14.54 and its 200-day simple moving average is C$14.92. The firm has a market cap of C$1.60 billion, a P/E ratio of 16.01, 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 Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.0771 per share. The ex-dividend date was Friday, February 28th. This represents a $0.93 annualized dividend and a dividend yield of 6.28%. CT Real Estate Investment Trust’s dividend payout ratio is currently 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.