Shares of CT Real Estate Investment Trust (OTCMKTS:CTRRF – Get Free Report) shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $12.8460 and last traded at $12.8460. Approximately 296,269 shares traded hands during trading, an increase of 967% from the average session volume of 27,769 shares. The stock had previously closed at $12.7888.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of CT Real Estate Investment Trust in a research note 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. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of CT Real Estate Investment Trust in a research report on Wednesday, May 13th. Finally, TD Securities reissued a “hold” rating on shares of CT Real Estate Investment Trust in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CT Real Estate Investment Trust presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on CT Real Estate Investment Trust
CT Real Estate Investment Trust Stock Up 0.4%
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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