True North Commercial REIT (TSE:TNT.UN) PT Lowered to C$4.50

True North Commercial REIT (TSE:TNT.UN – Get Rating) had its target price cut by stock analysts at National Bankshares from C$5.50 to C$4.50 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 28.94% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. CIBC reduced their target price on shares of True North Commercial REIT from C$6.00 to C$5.00 and set a “neutral” rating for the company in a research note on Thursday. Canaccord Genuity Group reduced their target price on shares of True North Commercial REIT from C$6.25 to C$5.00 in a research note on Wednesday.

True North Commercial REIT Price Performance

TNT.UN opened at C$3.49 on Thursday. The company has a quick ratio of 0.06, a current ratio of 0.09 and a debt-to-equity ratio of 156.87. True North Commercial REIT has a 12 month low of C$3.21 and a 12 month high of C$7.39. The company has a fifty day simple moving average of C$5.95 and a 200 day simple moving average of C$5.94. The stock has a market cap of C$319.82 million, a P/E ratio of 5.63 and a beta of 1.31.

True North Commercial REIT Company Profile

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The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.