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True North Commercial REIT (TSE:TNT.UN) Shares Cross Below 50-Day Moving Average - Time to Sell?

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$9.26, trading as low as C$9.16, indicating potential downward momentum.
  • The company announced a monthly dividend payment of $0.0575, yielding 7.5% annually, but currently has a payout ratio of -10.77%.
  • True North Commercial REIT has a high debt-to-equity ratio of 175.73 and a market capitalization of C$128.75 million, raising concerns about its financial stability.
  • Interested in True North Commercial REIT? Here are five stocks we like better.

True North Commercial REIT (TSE:TNT.UN - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$9.26 and traded as low as C$9.16. True North Commercial REIT shares last traded at C$9.21, with a volume of 11,185 shares trading hands.

True North Commercial REIT Trading Down 0.3%

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 stock has a market capitalization of C$128.75 million, a PE ratio of -4.31 and a beta of 1.32. The stock's 50 day simple moving average is C$9.26 and its two-hundred day simple moving average is C$9.31.

True North Commercial REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were paid a $0.0575 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Thursday, July 31st. True North Commercial REIT's payout ratio is presently -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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