CT Real Estate Investment Trust (TSE:CRT.UN) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.78 and traded as low as C$14.52. CT Real Estate Investment Trust shares last traded at C$14.76, with a volume of 134,004 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Desjardins decreased their target price on CT Real Estate Investment Trust from C$16.00 to C$15.50 and set a "hold" rating for the company in a research report on Wednesday, February 12th.

CT Real Estate Investment Trust Stock Down 0.1 %

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 firm's 50-day simple moving average is C$14.56 and its 200-day simple moving average is C$14.74. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

CT Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Wednesday, April 30th. CT Real Estate Investment Trust's payout ratio is presently 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.