True North Commercial REIT (TSE:TNT.UN - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$9.13 and traded as low as C$8.95. True North Commercial REIT shares last traded at C$9.01, with a volume of 11,576 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group dropped 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 report on Thursday, March 20th.
Check Out Our Latest Report on True North Commercial REIT
True North Commercial REIT Price Performance
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 firm has a market capitalization of C$136.94 million, a P/E ratio of -2.92 and a beta of 1.57. The business has a fifty day moving average of C$9.11 and a 200-day moving average of C$9.48.
True North Commercial REIT Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be paid a dividend of $0.0575 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Friday, May 30th. True North Commercial REIT's dividend payout ratio is currently -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.
Recommended 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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
