CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Crosses Below 50 Day Moving Average – Should You Sell? - ETF Daily News

Posted by MarketBeat News on Dec 28th, 2024

Shares of CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$15.08 and traded as low as C$14.38. CT Real Estate Investment Trust shares last traded at C$14.48, with a volume of 108,266 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on CRT.UN. BMO Capital Markets raised their price target on CT Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. TD Securities boosted their price target on shares of CT Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a "hold" rating in a research report on Wednesday, September 4th. Finally, National Bankshares set a C$16.25 price objective on shares of CT Real Estate Investment Trust and gave the company a "sector perform" rating in a report on Friday, December 20th.

Get Our Latest Stock Analysis on CT Real Estate Investment Trust

CT Real Estate Investment Trust Trading Up 0.6 %

CT Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a $0.0771 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 6.39%. CT Real Estate Investment Trust's payout ratio is currently 101.09%.

CT Real Estate Investment Trust Company Profile

(Get Free Report)

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada.

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