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True North Commercial REIT (TSE:TNT.UN) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

True North Commercial REIT logo with Real Estate background

Key Points

  • True North Commercial REIT shares fell below their 50-day moving average of C$9.32, indicating potential volatility, with the stock currently trading at C$9.07.
  • The company has a high debt-to-equity ratio of 175.73 and a negative P/E ratio of -4.25, which raises concerns about its financial health.
  • True North Commercial REIT recently declared a monthly dividend of $0.0575, representing an annual yield of 7.6%, despite a negative payout ratio of -10.77%.
  • Interested in True North Commercial REIT? Here are five stocks we like better.

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

(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.

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