CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.91 and traded as low as C$14.39. CT Real Estate Investment Trust shares last traded at C$14.47, with a volume of 120,161 shares.

Analyst Ratings Changes

Several research analysts have issued reports on CRT.UN shares. 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. BMO Capital Markets upped their price target on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th.

CT Real Estate Investment Trust Stock Down 0.3 %

The business’s fifty day simple moving average is C$14.91 and its 200 day simple moving average is C$14.83. The stock has a market cap of C$1.57 billion, a price-to-earnings ratio of 15.73, 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.

CT Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a dividend of $0.0771 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.39%. 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, 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.