CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Posted by Caroline Horne on Jan 15th, 2025

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.87 and traded as low as C$14.11. CT Real Estate Investment Trust shares last traded at C$14.26, with a volume of 119,610 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRT.UN shares. National Bankshares set a C$16.25 target price on CT Real Estate Investment Trust and gave the company a “sector perform” rating in a report on Friday, December 20th. 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.

Read Our Latest Research Report on CRT.UN

CT Real Estate Investment Trust Trading Up 0.6 %

The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.76 and a beta of 1.00. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The company has a 50-day moving average price of C$14.80 and a 200 day moving average price of C$14.87.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.0771 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.93 annualized dividend and a yield of 6.49%. CT Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 101.09%.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

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.