True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price 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 trading hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group cut their price target on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a research note on Thursday, March 20th.
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True North Commercial REIT Stock Performance
The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The firm's 50-day moving average price is C$9.22 and its two-hundred day moving average price is C$9.26. The stock has a market cap of C$134.48 million, a price-to-earnings ratio of -2.87 and a beta of 1.57.
True North Commercial REIT Dividend Announcement
The firm 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. The ex-dividend date was Friday, May 30th. This represents a $0.69 annualized dividend and a yield of 7.42%. True North Commercial REIT's payout ratio is -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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