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

CT Real Estate Investment Trust (TSE:CRT.UN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.64 and traded as low as C$17.54. CT Real Estate Investment Trust shares last traded at C$17.57, with a volume of 294,263 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRT.UN. Raymond James Financial dropped their price target 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 report on Wednesday, August 12th. Scotia upped their price objective 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 report on Wednesday, May 13th. Desjardins increased their target price on shares of CT Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. TD raised their target price on CT Real Estate Investment Trust from C$17.50 to C$18.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their price target on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 19th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of “Hold” and an average target price of C$18.06.

CT Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.10, a current ratio of 0.11 and a debt-to-equity ratio of 75.45. The company has a market capitalization of C$4.15 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.76 and a beta of 1.06. The stock’s 50-day simple moving average is C$18.28 and its two-hundred day simple moving average is C$17.65.

CT Real Estate Investment Trust (TSE:CRT.UN) last released its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 EPS for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$156.71 million during the quarter. Equities research 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 company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a dividend of $0.0818 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date was Friday, July 31st. CT Real Estate Investment Trust’s 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.