CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.97 and traded as low as C$14.43. CT Real Estate Investment Trust shares last traded at C$14.75, with a volume of 403,783 shares changing hands.

Wall Street Analyst Weigh In

CRT.UN has been the subject of a number of research reports. National Bankshares set a C$16.25 target price on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Friday, December 20th. Desjardins decreased their target price 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 Stock Up 0.9 %

The firm has a market cap of C$1.60 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.76 and a beta of 1.00. The business’s fifty day moving average price is C$14.49 and its two-hundred day moving average price is C$14.97. 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 firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.0771 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.27%. 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.