True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$9.28 and traded as high as C$9.51. True North Commercial REIT shares last traded at C$9.38, with a volume of 22,540 shares trading hands.
True North Commercial REIT Price Performance
The company has a market capitalization of C$135.92 million, a P/E ratio of -2.90 and a beta of 1.57. The company has a fifty day moving average price of C$9.31 and a 200 day moving average price of C$9.18. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06.
True North Commercial REIT Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.0575 per share. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.3%. True North Commercial REIT's payout ratio is currently -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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