CT Real Estate Investment Trust (TSE:CRT.UN) Stock Passes Above 50-Day Moving Average – Time to Sell?

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$18.01 and traded as high as C$18.61. CT Real Estate Investment Trust shares last traded at C$18.46, with a volume of 159,336 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Scotia boosted their target price on CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Raymond James Financial lifted their price target on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. TD boosted their price objective on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Finally, Desjardins upped their price objective on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$17.90.

CT Real Estate Investment Trust Price Performance

The firm has a 50 day moving average price of C$18.01 and a two-hundred day moving average price of C$17.29. The company has a market cap of C$4.40 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.76 and a beta of 1.06. 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 (TSE:CRT.UN) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported C$0.41 EPS for the quarter. The business had revenue of C$157.56 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. On average, analysts predict that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a $0.0818 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. CT Real Estate Investment Trust’s payout ratio is 51.56%.

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. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.