CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.95 and traded as low as C$14.15. CT Real Estate Investment Trust shares last traded at C$14.68, with a volume of 259,075 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRT.UN. BMO Capital Markets upped their target price on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th. National Bankshares set a C$16.25 price objective on shares of CT Real Estate Investment Trust and gave the stock a “sector perform” rating in a research note on Friday, December 20th.

CT Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 15.96, a PEG 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 has a 50-day moving average price of C$14.48 and a 200 day moving average price of C$14.95.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Friday, January 31st. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.