CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

CT Real Estate Investment Trust (TSE:CRT.UN) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$15.08 and traded as low as C$14.38. CT Real Estate Investment Trust shares last traded at C$14.48, with a volume of 108,266 shares.

Analyst Ratings Changes

Several analysts have issued reports on the company. National Bankshares set a C$16.25 price objective on CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a report on Friday, December 20th. BMO Capital Markets upped their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. Finally, TD Securities lifted their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th.

CT Real Estate Investment Trust Trading Up 0.6 %

The company has a 50 day simple moving average of C$15.05 and a two-hundred day simple moving average of C$14.79. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The company has a market cap of C$1.57 billion, a PE ratio of 15.74, a PEG ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Dividend Announcement

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