CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Crosses Below 200 Day Moving Average of $15.91

CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.91 and traded as low as C$15.39. CT Real Estate Investment Trust shares last traded at C$15.78, with a volume of 151,470 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC upped their price objective on CT Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company a “neutral” rating in a report on Thursday, February 16th.

CT Real Estate Investment Trust Trading Up 2.1 %

The company has a debt-to-equity ratio of 75.53, a quick ratio of 0.10 and a current ratio of 0.04. The business has a fifty day simple moving average of C$15.92 and a 200 day simple moving average of C$15.91. The stock has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90.

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.