CT Real Estate Investment Trust (TSE:CRT.UN) Shares Pass Below 200-Day Moving Average – What’s Next?

CT Real Estate Investment Trust (TSE:CRT.UN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.99 and traded as low as C$14.76. CT Real Estate Investment Trust shares last traded at C$14.89, with a volume of 131,724 shares trading hands.

Analyst Ratings Changes

CRT.UN has been the topic of a number of recent research reports. Desjardins dropped 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 target price on CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research report on Friday, December 20th.

CT Real Estate Investment Trust Price Performance

The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company has a 50-day simple moving average of C$14.44 and a two-hundred day simple moving average of C$14.99. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.

CT Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is Friday, February 28th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 101.09%.

About CT Real Estate Investment Trust

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.