CT Real Estate Investment Trust (OTCMKTS:CTRRF) Trading Up 1.4% – Here’s Why

Shares of CT Real Estate Investment Trust (OTCMKTS:CTRRF) were up 1.4% during mid-day trading on Friday . The stock traded as high as $12.1135 and last traded at $11.94. Approximately 3,029 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 15,617 shares. The stock had previously closed at $11.77.

Analysts Set New Price Targets

A number of research firms have commented on CTRRF. CIBC reissued a “neutral” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, November 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, CT Real Estate Investment Trust currently has an average rating of “Hold”.

CT Real Estate Investment Trust Stock Up 1.4%

The stock has a 50 day moving average price of $11.67 and a 200-day moving average price of $11.69.

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.