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

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price 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.

Wall Street Analysts Forecast Growth

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

CT Real Estate Investment Trust Stock Up 0.6 %

The company 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 current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The stock’s fifty day moving average is C$15.05 and its 200 day moving average is C$14.80.

CT Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.0771 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.93 annualized dividend and a dividend yield of 6.39%. CT Real Estate Investment Trust’s payout ratio is presently 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.