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

CT Real Estate Investment Trust (TSE:CRT.UN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.97 and traded as low as C$14.53. CT Real Estate Investment Trust shares last traded at C$14.67, with a volume of 116,083 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRT.UN. BMO Capital Markets lifted their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. Desjardins cut their price objective on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a “hold” rating for the company in a report on Wednesday, February 12th. 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 0.2 %

The company has a 50-day moving average price of C$14.40 and a 200 day moving average price of C$14.97. The firm has a market capitalization of C$1.59 billion, a PE ratio of 15.95, 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.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.31%. CT Real Estate Investment Trust’s dividend payout ratio is currently 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.