CT Real Estate Investment Trust (TSE:CRT.UN) Shares Pass Above 50 Day Moving Average – Should You Sell?

CT Real Estate Investment Trust (TSE:CRT.UN) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$18.01 and traded as high as C$18.61. CT Real Estate Investment Trust shares last traded at C$18.46, with a volume of 159,336 shares traded.

Analysts Set New Price Targets

Several research firms have commented on CRT.UN. Scotia lifted their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. TD raised their price objective on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Raymond James Financial boosted their target price on CT Real Estate Investment Trust from C$18.75 to C$19.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, Desjardins raised their price target on CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$17.90.

CT Real Estate Investment Trust Price Performance

The stock has a market cap of C$4.47 billion, a PE ratio of 10.25, a PEG ratio of 0.76 and a beta of 1.06. The business’s 50-day simple moving average is C$18.04 and its 200-day simple moving average is C$17.31. The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45.

CT Real Estate Investment Trust (TSE:CRT.UN) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported C$0.41 earnings per share (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 company had revenue of C$157.56 million for the quarter. On average, research analysts expect that CT Real Estate Investment Trust will post 1.1696833 EPS for the current fiscal year.

CT Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be given a dividend of $0.0818 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, July 31st. CT Real Estate Investment Trust’s payout ratio is presently 51.56%.

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.