CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 85,869 shares, a growth of 58.9% from the February 26th total of 54,033 shares. Based on an average trading volume of 57 shares, the days-to-cover ratio is presently 1,506.5 days.
CT Real Estate Investment Trust Price Performance
Shares of CTRRF stock remained flat at $12.28 on Friday. The stock had a trading volume of 7,878 shares, compared to its average volume of 29,491. The firm’s 50 day moving average price is $12.15 and its 200 day moving average price is $11.91. CT Real Estate Investment Trust has a 12 month low of $9.55 and a 12 month high of $12.28.
Analyst Ratings Changes
A number of analysts recently issued reports on CTRRF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a research 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 investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.
CT Real Estate Investment Trust Company Profile
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.
Further Reading
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