CT Real Estate Investment Trust (TSE:CRT.UN) Shares Down 0.8% – Should You Sell?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN) dropped 0.8% during trading on Thursday . The stock traded as low as C$15.15 and last traded at C$15.24. Approximately 89,497 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 145,249 shares. The stock had previously closed at C$15.36.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CRT.UN shares. TD Securities lifted their price objective on CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. BMO Capital Markets upped their price objective on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 in a research note on Monday, October 28th.

CT Real Estate Investment Trust Stock Down 1.2 %

The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The company has a market cap of C$1.63 billion, a P/E ratio of 16.36, a PEG ratio of 0.76 and a beta of 1.00. The firm’s 50-day simple moving average is C$15.38 and its 200 day simple moving average is C$14.68.

CT Real Estate Investment Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Thursday, October 31st. CT Real Estate Investment Trust’s dividend payout ratio is currently 101.09%.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.