CT Real Estate Investment Trust (TSE:CRT.UN) Stock Crosses Above 50 Day Moving Average – Time to Sell?

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$17.29 and traded as high as C$17.31. CT Real Estate Investment Trust shares last traded at C$17.09, with a volume of 298,571 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRT.UN shares. Raymond James Financial raised shares of CT Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a C$19.25 target price on the stock in a report on Friday, October 2nd. Royal Bank Of Canada increased their target price on CT Real Estate Investment Trust from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$18.18.

Check Out Our Latest Stock Analysis on CT Real Estate Investment Trust

CT Real Estate Investment Trust Trading Up 1.2%

The firm’s 50 day moving average is C$17.26 and its 200 day moving average is C$17.69. The company has a market cap of C$4.16 billion, a PE ratio of 9.08, a PEG ratio of 0.76 and a beta of 0.96. The company has a debt-to-equity ratio of 75.45, a current ratio of 0.11 and a quick ratio of 0.10.

CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) last posted its earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (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 for the quarter. On average, equities analysts anticipate that CT Real Estate Investment Trust will post 1.17 earnings per share for the current year.

CT Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a $0.0818 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.98 annualized dividend and a dividend yield of 5.6%. CT Real Estate Investment Trust’s dividend payout ratio is presently 49.59%.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

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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