True North Commercial REIT (TSE:TNT.UN - Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.22 and traded as low as C$9.15. True North Commercial REIT shares last traded at C$9.30, with a volume of 24,836 shares traded.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reduced their target price on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a report on Thursday, March 20th.
Get Our Latest Analysis on True North Commercial REIT
True North Commercial REIT Stock Performance
The firm has a fifty day simple moving average of C$9.22 and a 200-day simple moving average of C$9.24. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The stock has a market cap of C$138.24 million, a price-to-earnings ratio of -2.95 and a beta of 1.57.
True North Commercial REIT Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend was Friday, May 30th. True North Commercial REIT's dividend payout ratio is currently -52.78%.
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.
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