CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Below 200 Day Moving Average – Here’s Why

CT Real Estate Investment Trust (TSE:CRT.UN) shares 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Desjardins decreased their price objective 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 report on Wednesday, February 12th. National Bankshares set a C$16.25 price objective on shares of CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a research report on Friday, December 20th.

CT Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.76 and a beta of 1.00. The business’s fifty day moving average price is C$14.49 and its 200-day moving average price is C$14.97. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

CT Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date was Friday, February 28th. CT Real Estate Investment Trust’s payout ratio is currently 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.