True North Commercial REIT (TSE:TNT.UN) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• True North Commercial REIT's stock price recently crossed above its 50-day moving average of C$9.33, trading as high as C$9.46 before closing at C$9.19.
• The company announced a monthly dividend payment of $0.0575 per share, with an annualized yield of 7.5%, to be paid to shareholders on August 15th.
• True North Commercial REIT has a relatively high debt-to-equity ratio of 175.73 and a negative PE ratio of -2.84.

True North Commercial REIT (TSE:TNT.UN - )'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$9.33 and traded as high as C$9.46. True North Commercial REIT shares last traded at C$9.19, with a volume of 39,149 shares changing hands.

True North Commercial REIT Stock Performance

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 company has a market capitalization of C$132.89 million, a PE ratio of -2.84 and a beta of 1.57. The company has a 50 day moving average of C$9.33 and a two-hundred day moving average of C$9.17.

True North Commercial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.0575 per share. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.5%. True North Commercial REIT's payout ratio is presently -52.78%.

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.

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