True North Commercial REIT (TSE:TNT.UN - Get Free Report)'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.
True North Commercial REIT Price Performance
The company's fifty day moving average is C$9.34 and its two-hundred day moving average is C$9.17. The firm has a market capitalization of C$135.49 million, a price-to-earnings ratio of -2.89 and a beta of 1.57. 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 Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a $0.0575 dividend. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a yield of 7.4%. True North Commercial REIT's dividend payout ratio (DPR) 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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