True North Commercial REIT (TSE:TNT.UN) PT Lowered to C$5.00

True North Commercial REIT (TSE:TNT.UNGet Rating) had its price target cut by CIBC from C$6.00 to C$5.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 43.27% from the company’s current price.

Separately, Canaccord Genuity Group cut their price objective on True North Commercial REIT from C$6.25 to C$5.00 in a research report on Wednesday.

True North Commercial REIT Stock Down 2.2 %

Shares of TSE:TNT.UN opened at C$3.49 on Thursday. The business has a 50-day moving average price of C$5.95 and a 200 day moving average price of C$5.94. The company has a current ratio of 0.09, a quick ratio of 0.06 and a debt-to-equity ratio of 156.87. The company has a market capitalization of C$319.82 million, a price-to-earnings ratio of 5.63 and a beta of 1.31. True North Commercial REIT has a 12-month low of C$3.21 and a 12-month high of C$7.39.

About True North Commercial REIT

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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.

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