CT Real Estate Investment Trust (OTCMKTS:CTRRF) Shares Down 0.7% – Time to Sell?

Shares of CT Real Estate Investment Trust (OTCMKTS:CTRRF) traded down 0.7% on Friday . The stock traded as low as $13.16 and last traded at $13.16. Approximately 225,462 shares were traded during trading, an increase of 502% from the average daily volume of 37,433 shares. The stock had previously closed at $13.2585.

Analysts Set New Price Targets

CTRRF has been the topic of a number of research analyst reports. TD Securities reaffirmed a “hold” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, May 13th. Scotiabank reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a report on Wednesday, May 13th. BMO Capital Markets restated a “market perform” rating on shares of CT Real Estate Investment Trust in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of CT Real Estate Investment Trust in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

CT Real Estate Investment Trust Stock Performance

The business has a 50-day moving average price of $13.12 and a 200 day moving average price of $12.63.

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.