CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 265,771 shares, a decrease of 39.9% from the April 30th total of 442,008 shares. Based on an average daily volume of 13,637 shares, the short-interest ratio is currently 19.5 days.
CT Real Estate Investment Trust Stock Up 0.3%
Shares of OTCMKTS:CTRRF opened at $12.90 on Tuesday. CT Real Estate Investment Trust has a 52-week low of $11.50 and a 52-week high of $13.49. The company has a 50 day moving average of $12.84 and a two-hundred day moving average of $12.25.
Wall Street Analyst Weigh In
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 report on Friday, May 15th. TD Securities reissued a “hold” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, May 13th. Finally, Scotiabank reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, 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.
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