Shares of True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.25 and traded as high as C$9.39. True North Commercial REIT shares last traded at C$9.35, with a volume of 5,667 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group cut their price objective on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a report on Thursday, March 20th.
Check Out Our Latest Stock Analysis on TNT.UN
True North Commercial REIT Price Performance
The company's 50 day moving average price is C$9.25 and its 200-day moving average price is C$9.36. The company has a market cap of C$135.20 million, a price-to-earnings ratio of -2.89 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.
True North Commercial REIT Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were given a $0.0575 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.69 annualized dividend and a yield of 7.38%. True North Commercial REIT's dividend payout ratio (DPR) is -52.78%.
True North Commercial REIT Company Profile
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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.
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