True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• True North Commercial REIT shares exceeded the fifty-day moving average, reaching as high as C$9.34 during trading, and last traded at C$9.23.
• The recent monthly dividend declared at $0.0575 reflects an annualized yield of 7.5%, despite the company having a negative payout ratio of -10.77%.
• The company holds a market cap of C$129.03 million and reports significant leverage with a debt-to-equity ratio of 175.73.

True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.29 and traded as high as C$9.34. True North Commercial REIT shares last traded at C$9.23, with a volume of 21,963 shares.

True North Commercial REIT Stock Up 0.1%

The firm has a 50 day moving average of C$9.29 and a 200 day moving average of C$9.27. The firm has a market cap of C$130.00 million, a price-to-earnings ratio of -4.36 and a beta of 1.32. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73.

True North Commercial REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a $0.0575 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a yield of 7.4%. True North Commercial REIT's dividend payout ratio is presently -10.77%.

True North Commercial REIT Company Profile

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.