CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Passes Below 50 Day Moving Average – What’s Next?

CT Real Estate Investment Trust (TSE:CRT.UN) crossed 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 trading hands.

Analyst Upgrades and Downgrades

CRT.UN has been the subject of a number of analyst reports. National Bankshares set a C$16.25 price objective on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research report on Friday, December 20th. TD Securities upped their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Finally, BMO Capital Markets raised their price target on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th.

CT Real Estate Investment Trust Stock Performance

The company’s 50 day moving average is C$15.05 and its 200-day moving average is C$14.80. The firm has a market capitalization of C$1.57 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.0771 per share. 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 currently 101.09%.

CT Real Estate Investment Trust Company Profile

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.