True North Commercial REIT (TSE:TNT.UN – Get Rating) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.11 and traded as low as C$2.58. True North Commercial REIT shares last traded at C$2.60, with a volume of 286,132 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TNT.UN. CIBC reduced their price target on True North Commercial REIT from C$5.00 to C$4.00 in a research report on Thursday, April 13th. National Bankshares reduced their price target on True North Commercial REIT from C$4.50 to C$3.50 in a research report on Tuesday, April 18th. Canaccord Genuity Group reduced their price target on True North Commercial REIT from C$6.25 to C$5.00 in a research report on Wednesday, March 15th. Finally, Raymond James reduced their price target on True North Commercial REIT from C$5.50 to C$4.00 and set a “market perform” rating for the company in a research report on Thursday, March 16th.
True North Commercial REIT Stock Performance
The company has a current ratio of 0.41, a quick ratio of 0.06 and a debt-to-equity ratio of 167.35. The firm has a 50-day simple moving average of C$3.11 and a two-hundred day simple moving average of C$4.97. The company has a market capitalization of C$239.46 million, a price-to-earnings ratio of 28.89 and a beta of 1.33.
True North Commercial REIT Dividend Announcement
About True North Commercial REIT
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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