CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.74 and traded as low as C$14.69. CT Real Estate Investment Trust shares last traded at C$14.74, with a volume of 115,879 shares changing hands.
Wall Street Analyst Weigh In
Separately, Desjardins dropped their target price on shares of 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.
Read Our Latest Report on CRT.UN
CT Real Estate Investment Trust Stock Performance
The company has a market capitalization of C$1.59 billion, a P/E ratio of 15.98, a PEG ratio of 0.76 and a beta of 1.00. The business has a 50 day moving average price of C$14.57 and a 200 day moving average price of C$14.72. 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 announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0771 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.93 annualized dividend and a yield of 6.29%. CT Real Estate Investment Trust's dividend payout ratio is presently 101.09%.
About CT Real Estate Investment Trust
(
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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.
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