CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Shares of CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

CT Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$1.61 billion, a PE ratio of 16.14, a PEG ratio of 0.76 and a beta of 1.00. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The company's 50 day simple moving average is C$14.58 and its 200 day simple moving average is C$14.72.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be paid a $0.0771 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.93 annualized dividend and a yield of 6.23%. CT Real Estate Investment Trust's payout ratio is currently 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.