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 share price passed 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 trading hands.

Analyst Ratings Changes

A number of research firms recently commented on CRT.UN. Desjardins decreased their target price on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a 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 research note on Friday, December 20th.

CT Real Estate Investment Trust Stock Performance

The business’s 50-day simple moving average is C$14.54 and its two-hundred day simple moving average is C$14.92. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The firm has a market cap of C$1.60 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a $0.0771 dividend. 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 presently 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.