CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Passes Below 200-Day Moving Average – Should You Sell?

CT Real Estate Investment Trust (TSE:CRT.UN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.00 and traded as low as C$14.34. CT Real Estate Investment Trust shares last traded at C$14.35, with a volume of 148,905 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Desjardins decreased their target price on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Wednesday, February 12th. National Bankshares set a C$16.25 target price on shares of CT Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Friday, December 20th.

CT Real Estate Investment Trust Stock Up 0.1 %

The company has a market cap of C$1.56 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.76 and a beta of 1.00. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10. The company’s 50-day moving average is C$14.47 and its two-hundred day moving average is C$14.99.

CT Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a $0.0771 dividend. This represents a $0.93 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Friday, February 28th. 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 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.