CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Crosses Below 200 Day Moving Average of $16.25

Shares of CT Real Estate Investment Trust (TSE:CRT.UNGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.25 and traded as low as C$15.38. CT Real Estate Investment Trust shares last traded at C$15.44, with a volume of 135,754 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRT.UN. TD Securities lowered their target price on CT Real Estate Investment Trust from C$17.00 to C$16.50 and set a “hold” rating for the company in a report on Thursday, October 20th. Royal Bank of Canada upped their price objective on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, August 12th. CIBC lowered their price target on CT Real Estate Investment Trust from C$17.50 to C$16.50 and set a “neutral” rating for the company in a research report on Wednesday, November 9th. National Bankshares reduced their price objective on CT Real Estate Investment Trust from C$18.00 to C$17.50 in a research report on Monday, October 24th. Finally, Scotiabank dropped their price target on CT Real Estate Investment Trust from C$18.00 to C$17.50 in a research note on Thursday, November 10th.

CT Real Estate Investment Trust Trading Down 0.7 %

The stock has a market cap of C$3.62 billion and a PE ratio of 11.52. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 75.03. The business’s fifty day moving average is C$15.44 and its 200 day moving average is C$16.25.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were issued a dividend of $0.0723 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 5.62%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is 63.34%.

About CT Real Estate Investment Trust

(Get Rating)

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.

Further Reading

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