CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.97 and traded as low as C$14.53. CT Real Estate Investment Trust shares last traded at C$14.67, with a volume of 116,083 shares changing hands.
Analysts Set New Price Targets
A number of analysts have recently issued reports on CRT.UN shares. National Bankshares set a C$16.25 price target on shares of CT Real Estate Investment Trust and gave the stock a "sector perform" rating in a research report on Friday, December 20th. BMO Capital Markets increased their target price on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research report on Monday, October 28th. Finally, Desjardins dropped their price target on shares of CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.
Get Our Latest Stock Analysis on CRT.UN
CT Real Estate Investment Trust Trading Down 1.6 %
The company has a market cap of C$1.57 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00. The company's 50 day moving average price is C$14.40 and its 200 day moving average price is C$14.97. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.
CT Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a yield of 6.38%. The ex-dividend date is Friday, February 28th. CT Real Estate Investment Trust's payout ratio is 101.09%.
CT Real Estate Investment Trust Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider CT Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CT Real Estate Investment Trust wasn't on the list.
While CT Real Estate Investment Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
