CT Real Estate Investment Trust (CTRRF) – What Are Brokerages Saying About This Stock?

CT Real Estate Investment Trust (OTCMKTS:CTRRF) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

Several research analysts recently weighed in on the stock. National Bank Financial upgraded shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 21st. Raymond James Financial upgraded shares of CT Real Estate Investment Trust to an “outperform” rating in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, August 19th.

CT Real Estate Investment Trust Stock Up 0.5%

Shares of OTCMKTS:CTRRF opened at $12.34 on Tuesday. CT Real Estate Investment Trust has a 12-month low of $10.00 and a 12-month high of $13.88. The business’s 50 day moving average is $12.30 and its 200 day moving average is $12.59.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust (CT REIT) is a Canadian real estate investment trust that owns, develops and manages income-producing commercial properties. Its portfolio is anchored by retail properties, including Canadian Tire stores, and also includes other retail, industrial, office and mixed-use assets.

The trust generates rental income by leasing properties to Canadian Tire Corporation and a range of other commercial tenants. Its activities include property acquisition, development, redevelopment, leasing and ongoing asset management, with a focus on maintaining and expanding a diversified portfolio of properties serving retail and commercial markets.

Established in 2013, CT REIT was created with a portfolio of properties previously associated with Canadian Tire Corporation and has continued to operate as a separately managed real estate investment trust.