CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Passes Below Two Hundred Day Moving Average of $14.05

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.05 and traded as low as C$13.35. CT Real Estate Investment Trust shares last traded at C$13.47, with a volume of 160,861 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRT.UN. BMO Capital Markets lifted their price target on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Tuesday, February 20th. Desjardins decreased their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Four investment 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 company presently has an average rating of “Hold” and a consensus price target of C$15.93.

CT Real Estate Investment Trust Stock Down 0.8 %

The firm has a market cap of C$1.46 billion, a PE ratio of 14.18, a P/E/G ratio of 0.76 and a beta of 0.97. The company has a debt-to-equity ratio of 76.41, a quick ratio of 0.10 and a current ratio of 0.19. The firm’s 50-day moving average price is C$13.67 and its two-hundred day moving average price is C$14.04.

CT Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.0748 per share. The ex-dividend date was Monday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 6.66%. CT Real Estate Investment Trust’s dividend payout ratio is presently 97.89%.

CT Real Estate Investment Trust Company Profile

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.