realestate

CRT.UN Share Price Dips Below Short-Term Average Line

CT Real Estate Investment Trust (CRT.UN) stock falls below its 50-day moving average: what's behind this trend.

C
T Real Estate Investment Trust's (CRT.UN) share price dipped below its 50-day moving average on Friday, reaching as low as C$14.38 before closing at C$14.48 with a volume of 108,266 shares traded. The stock has a 50-day moving average of C$15.08.

    Analysts have issued mixed forecasts for CRT.UN's growth. National Bankshares set a price objective of C$16.25 and gave the company a "sector perform" rating in December. BMO Capital Markets and TD Securities also raised their price objectives to C$16.00, with the latter giving a "hold" rating.

    The stock has a market capitalization of C$1.57 billion and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust recently declared a monthly dividend of $0.0771 per share, representing an annualized yield of 6.39%. The company's portfolio consists of over 370 properties across Canada.

    Wall Street analysts have issued mixed forecasts for CRT.UN's growth, with some predicting steady gains and others warning of potential declines. Despite this, the stock remains a popular choice among income investors due to its high dividend yield.

Stock market graph showing CRT.UN share price decline below short-term average line.