True North Commercial REIT (TSE:TNT.UN) Stock Passes Below 50-Day Moving Average - What's Next?

Key Points

• True North Commercial REIT's stock has fallen below its fifty-day moving average of C$9.30, trading recently at C$9.23 with a market capitalization of C$129.03 million.
• The company announced a monthly dividend of $0.0575 per share, translating to an annualized yield of 7.5%.
• True North Commercial REIT has a high debt-to-equity ratio of 175.73 and a negative earnings price (PE) ratio of -4.32.

Shares of True North Commercial REIT (TSE:TNT.UN - ) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.30 and traded as low as C$9.18. True North Commercial REIT shares last traded at C$9.23, with a volume of 13,773 shares changing hands.

True North Commercial REIT Trading Up 0.1%

The firm has a market capitalization of C$129.03 million, a PE ratio of -4.32 and a beta of 1.32. The company's 50-day simple moving average is C$9.30 and its 200 day simple moving average is C$9.20. 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 declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Thursday, July 31st. True North Commercial REIT's dividend payout ratio is presently -10.77%.

About True North Commercial REIT

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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