CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Crosses Below 200-Day Moving Average of $14.00

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.00 and traded as low as C$13.43. CT Real Estate Investment Trust shares last traded at C$13.64, with a volume of 188,882 shares changing hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price objective on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$16.29.

CT Real Estate Investment Trust Stock Performance

The company has a market cap of C$1.48 billion, a P/E ratio of 15.68, a PEG ratio of 0.76 and a beta of 0.95. The business’s 50 day simple moving average is C$13.87 and its 200 day simple moving average is C$14.00. The company has a current ratio of 0.09, a quick ratio of 0.10 and a debt-to-equity ratio of 77.50.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be paid a $0.0748 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Monday, April 29th. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 103.45%.

About CT Real Estate Investment Trust

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.