CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 54,033 shares, a decline of 90.3% from the February 12th total of 559,043 shares. Based on an average daily trading volume, of 43,367 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 43,367 shares, the short-interest ratio is currently 1.2 days.
CT Real Estate Investment Trust Stock Performance
OTCMKTS CTRRF remained flat at $12.28 during trading hours on Tuesday. 413 shares of the company traded hands, compared to its average volume of 29,491. CT Real Estate Investment Trust has a one year low of $9.55 and a one year high of $12.28. The company’s 50-day moving average is $12.08 and its 200-day moving average is $11.86.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada restated 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 note on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, CT Real Estate Investment Trust presently has an average rating of “Hold”.
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.
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