CT Real Estate Investment Trust (TSE:CRT.UN) Shares Pass Below 200-Day Moving Average – What’s Next?

CT Real Estate Investment Trust (TSE:CRT.UN)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.65 and traded as low as C$16.74. CT Real Estate Investment Trust shares last traded at C$16.83, with a volume of 275,001 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial decreased their target price on shares of CT Real Estate Investment Trust from C$19.75 to C$19.25 and set a “market perform” rating on the stock in a research note on Wednesday, August 12th. Royal Bank Of Canada increased their target price on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 19th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$18.06.

CT Real Estate Investment Trust Stock Performance

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 stock’s 50 day moving average price is C$17.85 and its 200 day moving average price is C$17.65. The company has a market capitalization of C$4.01 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$156.71 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. As a group, equities analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were issued a $0.0818 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust’s payout ratio is presently 49.59%.

About CT Real Estate Investment Trust

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. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.