CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Below 200 Day Moving Average - Here's Why

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.84 and traded as low as C$13.85. CT Real Estate Investment Trust shares last traded at C$13.96, with a volume of 225,037 shares changing hands.

Analyst Upgrades and Downgrades

CRT.UN has been the subject of several recent analyst reports. Desjardins lowered their price target on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a "hold" rating for the company in a report on Wednesday, February 12th. National Bankshares set a C$16.25 target price on CT Real Estate Investment Trust and gave the stock a "sector perform" rating in a research note on Friday, December 20th.

CT Real Estate Investment Trust Price Performance

The stock has a market cap of C$1.52 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 0.76 and a beta of 1.00. The company has a 50 day simple moving average of C$14.57 and a 200-day simple moving average of C$14.80. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a $0.0771 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.58%. CT Real Estate Investment Trust's payout ratio is 101.09%.

CT Real Estate Investment Trust Company Profile

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.