CT Real Estate Investment Trust (OTCMKTS:CTRRF) Trading Down 2.4% – Time to Sell?

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on CTRRF shares. BMO Capital Markets restated a “market perform” rating on shares of CT Real Estate Investment Trust in a research note on Friday, August 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

CT Real Estate Investment Trust Price Performance

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

CT Real Estate Investment Trust Announces Dividend

The firm also recently declared a aug 25 dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid 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.