National Bankshares Cuts True North Commercial REIT (TSE:TNT.UN) Price Target to C$8.50

True North Commercial REIT (TSE:TNT.UN) had its target price dropped by equities researchers at National Bankshares from C$8.75 to C$8.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential downside of 11.27% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Raymond James cut their price target on True North Commercial REIT from C$11.25 to C$10.00 and set a “market perform” rating for the company in a research note on Thursday, March 21st. CIBC upped their price target on True North Commercial REIT from C$8.05 to C$9.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st.

True North Commercial REIT Stock Performance

Shares of True North Commercial REIT stock opened at C$9.58 on Wednesday. True North Commercial REIT has a one year low of C$6.33 and a one year high of C$19.03. The company has a market cap of C$143.60 million, a PE ratio of -3.65 and a beta of 1.53. The company has a debt-to-equity ratio of 182.25, a quick ratio of 0.06 and a current ratio of 0.41. The business has a 50-day simple moving average of C$8.96 and a 200-day simple moving average of C$7.33.

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.