CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Shares fell below the 200-day moving average: CT Real Estate Investment Trust traded as low as C$16.74 and closed at C$16.83, below its C$17.65 long-term average.
• Analysts remain cautious: All eight analysts rate the trust “Hold,” with an average price target of C$18.06, modestly above the latest trading price.
• The trust offers income potential: It declared a monthly dividend of C$0.0818, representing an annualized yield of about 5.8% and a payout ratio of 49.59%.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report)'s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

CRT.UN has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 19th. Raymond James Financial reduced 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. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$18.06.

CT Real Estate Investment Trust Price 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 company has a 50-day moving average price of C$17.85 and a 200-day moving average price of C$17.65. The firm 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 - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%.The business had revenue of C$156.71 million during the quarter. On average, sell-side analysts predict that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current year.

CT Real Estate Investment Trust Dividend Announcement

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

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. 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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