True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$9.32 and traded as low as C$9.03. True North Commercial REIT shares last traded at C$9.07, with a volume of 22,034 shares.
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 company has a 50 day moving average price of C$9.31 and a 200 day moving average price of C$9.20. The firm has a market cap of C$127.77 million, a PE ratio of -4.28 and a beta of 1.32.
True North Commercial REIT Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were paid a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Thursday, July 31st. True North Commercial REIT's dividend payout ratio is -10.77%.
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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