CT Real Estate Investment Trust (TSE:CRT.UN) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.07 and traded as low as C$15.99. CT Real Estate Investment Trust shares last traded at C$16.09, with a volume of 102,617 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRT.UN. Scotiabank downgraded shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$16.50 to C$17.00 in a report on Tuesday, November 4th. TD Securities increased their target price on shares of CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Finally, National Bankshares raised their target price on CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$16.87.

CT Real Estate Investment Trust Trading Up 0.6%

The company’s fifty day moving average is C$16.18 and its 200-day moving average is C$16.07. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The firm has a market capitalization of C$3.83 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.76 and a beta of 0.94.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported C$0.41 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The firm had revenue of C$151.16 million for the quarter. As a group, sell-side analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.079 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, October 31st. CT Real Estate Investment Trust’s payout ratio is currently 57.91%.

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.