True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group decreased their target price on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a research report on Thursday, March 20th.
Read Our Latest Report on TNT.UN
True North Commercial REIT Price Performance
The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The firm has a fifty day moving average of C$9.25 and a two-hundred day moving average of C$9.32. The stock has a market capitalization of C$134.91 million, a P/E ratio of -2.88 and a beta of 1.57.
True North Commercial REIT Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a $0.0575 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.69 annualized dividend and a dividend yield of 7.40%. True North Commercial REIT's payout ratio is currently -52.78%.
About True North Commercial REIT
(
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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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