CT Real Estate Investment Trust (OTCMKTS:CTRRF) Trading Down 2.4% – What’s Next?

CT Real Estate Investment Trust (OTCMKTS:CTRRF)’s share price traded down 2.4% on Thursday . The stock traded as low as $11.62 and last traded at $11.62. 7,011 shares were traded during mid-day trading, a decline of 52% from the average session volume of 14,456 shares. The stock had previously closed at $11.90.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a report on Monday, August 11th. BMO Capital Markets reiterated a “market perform” rating on shares of CT Real Estate Investment Trust in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

CT Real Estate Investment Trust Stock Performance

The stock has a 50 day simple moving average of $11.84 and a 200 day simple moving average of $11.49.

CT Real Estate Investment Trust Announces Dividend

The company also recently announced a aug 25 dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.079 dividend.

About CT Real Estate Investment Trust

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.