CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 54,033 shares, a decrease of 90.3% from the February 12th total of 559,043 shares. Based on an average daily trading volume, of 43,367 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 43,367 shares, the short-interest ratio is presently 1.2 days.
CT Real Estate Investment Trust Stock Performance
CT Real Estate Investment Trust stock opened at $12.28 on Thursday. The business has a 50 day simple moving average of $12.09 and a 200-day simple moving average of $11.87. CT Real Estate Investment Trust has a 12 month low of $9.55 and a 12 month high of $12.28.
Analysts Set New Price Targets
A number of research analysts have weighed in on CTRRF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CT Real Estate Investment Trust in a report on Monday, February 23rd. BMO Capital Markets reissued a “market perform” rating on shares of CT Real Estate Investment Trust in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
About CT Real Estate Investment Trust
CT Real Estate Investment Trust (OTCMKTS: CTRRF) is a Canadian real estate investment trust focused on owning, leasing and managing a diversified portfolio of predominantly retail and mixed-use properties across Canada. Established in 2013 as a spin-off from Canadian Tire Corporation, the Trust’s holdings include automotive service centres, flagship Canadian Tire and affiliated retail stores, distribution and logistics facilities, as well as properties leased to select third-party retailers.
The Trust employs a long-term, net‐lease strategy designed to generate stable and predictable rental income.
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