True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.29 and traded as high as C$8.31. True North Commercial REIT shares last traded at C$8.28, with a volume of 14,029 shares changing hands.
True North Commercial REIT Price Performance
The firm has a market capitalization of C$116.47 million, a price-to-earnings ratio of -3.57 and a beta of 1.06. The company's 50 day moving average is C$8.29 and its 200-day moving average is C$8.72. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.
True North Commercial REIT (TSE:TNT.UN - Get Free Report) last issued its earnings results on Tuesday, March 17th. The company reported C($1.15) earnings per share (EPS) for the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The firm had revenue of C$40.33 million during the quarter.
True North Commercial REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a $0.0575 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Thursday, April 30th. True North Commercial REIT's dividend payout ratio (DPR) is -24.82%.
About True North Commercial REIT
(
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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. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.
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