Shares of CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $12.59 and traded as low as $12.34. CT Real Estate Investment Trust shares last traded at $12.34, with a volume of 13,865 shares.
Wall Street Analyst Weigh In
CTRRF has been the topic of several research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of CT Real Estate Investment Trust in a research note on Wednesday, August 19th. Raymond James Financial raised shares of CT Real Estate Investment Trust to an “outperform” rating in a research note on Friday, October 2nd. Finally, National Bank Financial upgraded shares of CT Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.
Check Out Our Latest Report on CT Real Estate Investment Trust
CT Real Estate Investment Trust Trading Down 2.9%
The company has a 50-day moving average of $12.35 and a two-hundred day moving average of $12.59.
About CT Real Estate Investment Trust
CT Real Estate Investment Trust is a Canadian closed-end real estate investment trust that owns, develops and manages income-producing commercial properties. The trust’s portfolio is primarily composed of retail properties, including locations occupied by Canadian Tire Corporation and its affiliated retail banners, as well as properties leased to other commercial tenants.
CT REIT generates revenue mainly through rental income from its properties. Its activities include acquiring and developing real estate, completing property expansions and improvements, and managing leasing relationships and ongoing property operations.
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