CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Below 200-Day Moving Average of $14.01

CT Real Estate Investment Trust (TSE:CRT.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.01 and traded as low as C$12.93. CT Real Estate Investment Trust shares last traded at C$12.96, with a volume of 118,106 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat, CT Real Estate Investment Trust presently has an average rating of “Hold” and an average target price of C$16.29.

CT Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 77.50, a current ratio of 0.09 and a quick ratio of 0.10. The stock has a market capitalization of C$1.42 billion, a PE ratio of 15.13, a P/E/G ratio of 0.76 and a beta of 0.95. The firm has a fifty day moving average price of C$13.96 and a two-hundred day moving average price of C$14.00.

CT Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.0748 per share. The ex-dividend date is Monday, April 29th. This represents a $0.90 annualized dividend and a yield of 6.87%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.