CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

CT Real Estate Investment Trust (TSE:CRT.UN) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.91 and traded as low as C$14.39. CT Real Estate Investment Trust shares last traded at C$14.47, with a volume of 120,161 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CRT.UN shares. BMO Capital Markets lifted their target price on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. National Bankshares set a C$16.25 price target on CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a research note on Friday, December 20th.

CT Real Estate Investment Trust Stock Performance

The stock has a market cap of C$1.57 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.76 and a beta of 1.00. The firm has a 50 day moving average of C$14.91 and a two-hundred day moving average of C$14.83. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date was Thursday, October 31st. CT Real Estate Investment Trust’s dividend payout ratio is 101.09%.

About CT Real Estate Investment Trust

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.