CT Real Estate Investment Trust (TSE:CRT.UN) Shares Cross Below 200-Day Moving Average of $14.62

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.62 and traded as low as C$13.87. CT Real Estate Investment Trust shares last traded at C$13.89, with a volume of 180,416 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on CT Real Estate Investment Trust from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th. CIBC lowered their price objective on CT Real Estate Investment Trust from C$17.00 to C$16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Scotiabank lowered their price objective on CT Real Estate Investment Trust from C$17.50 to C$17.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, Desjardins set a C$17.00 price target on CT Real Estate Investment Trust and gave the company a “hold” rating in a research report on Wednesday, October 4th.

Get Our Latest Research Report on CRT.UN

CT Real Estate Investment Trust Stock Performance

The stock has a 50 day simple moving average of C$13.74 and a 200 day simple moving average of C$14.62. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.76 and a beta of 0.95. The company has a quick ratio of 0.10, a current ratio of 0.07 and a debt-to-equity ratio of 76.32.

CT Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th were paid a $0.0748 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.46%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 91.84%.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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