CT Real Estate Investment Trust (TSE:CRT.UN) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.45 and traded as low as C$16.27. CT Real Estate Investment Trust shares last traded at C$16.47, with a volume of 147,834 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upped their price objective on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$17.03.

Get Our Latest Report on CRT.UN

CT Real Estate Investment Trust Stock Performance

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 stock has a market cap of C$3.92 billion, a PE ratio of 9.22, a P/E/G ratio of 0.76 and a beta of 1.08. The business’s 50-day moving average price is C$16.77 and its 200-day moving average price is C$16.45.

CT Real Estate Investment Trust (TSE:CRT.UNGet Free Report) last announced its earnings results on Thursday, March 19th. The real estate investment trust reported C$0.63 earnings per share for the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The company had revenue of C$152.92 million during the quarter. As a group, equities research analysts expect that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

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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