CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Crosses Below 200-Day Moving Average of $14.03

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.03 and traded as low as C$13.70. CT Real Estate Investment Trust shares last traded at C$13.77, with a volume of 83,442 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets lifted their target price on CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Tuesday, February 20th. Desjardins lowered their price target on CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$15.93.

Check Out Our Latest Stock Report on CT Real Estate Investment Trust

CT Real Estate Investment Trust Trading Up 0.2 %

The business has a 50-day simple moving average of C$13.71 and a two-hundred day simple moving average of C$14.03. The company has a debt-to-equity ratio of 76.41, a current ratio of 0.19 and a quick ratio of 0.10. The stock has a market cap of C$1.49 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.76 and a beta of 0.97.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were given a $0.0748 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend was Monday, April 29th. CT Real Estate Investment Trust’s payout ratio is 97.89%.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.

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