CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 473,472 shares, a growth of 451.4% from the March 15th total of 85,869 shares. Based on an average trading volume of 4,801 shares, the short-interest ratio is presently 98.6 days.
CT Real Estate Investment Trust Stock Up 1.0%
Shares of CTRRF traded up $0.12 during trading hours on Friday, hitting $12.40. The stock had a trading volume of 10,000 shares, compared to its average volume of 27,718. The company’s fifty day moving average is $12.19 and its two-hundred day moving average is $11.94. CT Real Estate Investment Trust has a 52 week low of $10.22 and a 52 week high of $12.40.
Wall Street Analysts Forecast Growth
CTRRF has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of CT Real Estate Investment Trust in a research note 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 Thursday, February 19th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, CT Real Estate Investment Trust currently 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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