True North Commercial REIT (TSE:TNT.UN - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$9.02 and traded as high as C$9.54. True North Commercial REIT shares last traded at C$9.41, with a volume of 19,850 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group lowered their price objective on shares of True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating on the stock in a research report on Thursday, March 20th.
View Our Latest Stock Analysis on TNT.UN
True North Commercial REIT Stock Down 1.5 %
The firm has a market cap of C$134.48 million, a price-to-earnings ratio of -2.87 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The business's 50-day moving average is C$9.06 and its 200-day moving average is C$10.12.
True North Commercial REIT Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.0575 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 7.42%. This is a boost from True North Commercial REIT's previous monthly dividend of $0.02. True North Commercial REIT's dividend payout ratio (DPR) is -52.78%.
About True North Commercial REIT
(
Get Free Report)
True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.
Featured Stories
Before you consider True North Commercial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and True North Commercial REIT wasn't on the list.
While True North Commercial REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
