CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.80 and trades as low as C$15.55. CT Real Estate Investment Trust shares last traded at C$15.55, with a volume of 176,842 shares trading hands.
Wall Street Analyst Weigh In
Separately, CIBC upped their price target on shares of CT Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th.
CT Real Estate Investment Trust Stock Performance
The company has a debt-to-equity ratio of 75.53, a current ratio of 0.04 and a quick ratio of 0.10. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.76 and a beta of 0.89. The company’s 50-day moving average price is C$16.28 and its two-hundred day moving average price is C$15.80.
CT Real Estate Investment Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 15th were issued a $0.0723 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date was Monday, January 30th. CT Real Estate Investment Trust’s payout ratio is 72.50%.
CT Real Estate Investment Trust Company Profile
CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is composed of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.
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