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

CT Real Estate Investment Trust (TSE:CRT.UN) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$16.18 and traded as high as C$16.35. CT Real Estate Investment Trust shares last traded at C$16.28, with a volume of 40,671 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CRT.UN shares. TD Securities boosted their price objective on CT Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock a “hold” rating in a report on Wednesday, November 5th. National Bankshares raised their price objective on shares of CT Real Estate Investment Trust from C$15.95 to C$17.20 and gave the company a “sector perform” rating in a research report on Wednesday, October 8th. Finally, Scotiabank lowered shares of CT Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$16.50 to C$17.00 in a research report on Tuesday, November 4th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust currently has a consensus rating of “Hold” and an average target price of C$16.87.

CT Real Estate Investment Trust Stock Performance

The company has a market cap of C$3.87 billion, a PE ratio of 10.11, a PEG ratio of 0.76 and a beta of 0.94. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The business’s 50 day moving average is C$16.18 and its two-hundred day moving average is C$16.08.

CT Real Estate Investment Trust (TSE:CRT.UN) last issued its quarterly earnings results on Monday, November 3rd. 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 business had revenue of C$151.16 million during the quarter. On average, equities research analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 EPS for the current year.

CT Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a $0.079 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. CT Real Estate Investment Trust’s payout ratio is currently 57.91%.

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.