CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• CT Real Estate Investment Trust crossed below its 200-day moving average on Friday — the 200‑day MA is C$16.45, the stock traded as low as C$16.27 and last changed hands at C$16.47 on volume of 147,834 shares.
• Analyst view is muted but slightly revised up: RBC raised its price target from C$17.00 to C$18.00 with a "sector perform" rating, while six analysts overall give a consensus "Hold" and an average target of C$17.03.
• Fundamentals show a C$3.92 billion market cap, P/E of 9.22 and a PEG of 0.76 alongside a high debt-to-equity ratio of 75.45; the REIT reported Q EPS of C$0.63 on C$152.92M revenue and remains heavily dependent on leasing to Canadian Tire, indicating concentration risk.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.45 and traded as low as C$16.27. CT Real Estate Investment Trust shares last traded at C$16.47, with a volume of 147,834 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada increased their price target on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research report on Monday, February 23rd. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust has a consensus rating of "Hold" and an average price target of C$17.03.

CT Real Estate Investment Trust Stock Performance

The firm's fifty day moving average price is C$16.77 and its 200 day moving average price is C$16.45. The firm has a market cap of C$3.92 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The real estate investment trust reported C$0.63 earnings per share (EPS) for the quarter. The firm had revenue of C$152.92 million for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. Sell-side analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

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.

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