CT Real Estate Investment Trust (OTCMKTS:CTRRF) Shares Up 2.2% Following Dividend Announcement

Shares of CT Real Estate Investment Trust (OTCMKTS:CTRRF) rose 2.2% during mid-day trading on Friday following a dividend announcement from the company. The stock traded as high as $11.75 and last traded at $11.75. Approximately 19,542 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 11,038 shares. The stock had previously closed at $11.50.

The newly announced dividend which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.079 per share.

Wall Street Analyst Weigh In

CTRRF has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a report on Monday. BMO Capital Markets reissued a “market perform” rating on shares of CT Real Estate Investment Trust in a report on Friday, August 8th. National Bankshares reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, May 7th. Finally, Scotiabank reissued an “outperform” rating on shares of CT Real Estate Investment Trust in a report on Tuesday, May 6th.

CT Real Estate Investment Trust Price Performance

The company has a 50-day moving average price of $11.59 and a 200 day moving average price of $10.86.

CT Real Estate Investment Trust Company Profile

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.