CT Real Estate Investment Trust (TSE:CRT.UN) Shares Cross Below Two Hundred Day Moving Average of $14.03

Shares of CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.03 and traded as low as C$13.74. CT Real Estate Investment Trust shares last traded at C$13.84, with a volume of 167,804 shares.

Wall Street Analysts Forecast Growth

CRT.UN has been the topic of several recent research reports. Desjardins lowered their target price on CT Real Estate Investment Trust from C$15.00 to C$14.50 and set a “hold” rating on the stock in a report on Wednesday, May 8th. BMO Capital Markets boosted their target price on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, CT Real Estate Investment Trust presently has an average rating of “Hold” and an average target price of C$15.93.

Read Our Latest Stock Analysis on CT Real Estate Investment Trust

CT Real Estate Investment Trust Stock Performance

The stock’s 50-day moving average is C$13.53 and its 200-day moving average is C$14.03. The stock has a market cap of C$1.48 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.76 and a beta of 0.97. The company has a debt-to-equity ratio of 76.41, a current ratio of 0.19 and a quick ratio of 0.10.

CT Real Estate Investment Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.90 dividend on an annualized basis and a yield of 6.59%. This is an increase from CT Real Estate Investment Trust’s previous monthly dividend of $0.07. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 97.89%.

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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