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

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.97 and traded as low as C$14.43. CT Real Estate Investment Trust shares last traded at C$14.75, with a volume of 403,783 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Desjardins dropped their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. National Bankshares set a C$16.25 price target 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 Performance

The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The stock has a market cap of C$1.60 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company’s 50-day simple moving average is C$14.49 and its 200-day simple moving average is C$14.97.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.0771 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.93 annualized dividend and a yield of 6.27%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 101.09%.

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.