Shares of True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$9.35 and traded as low as C$9.21. True North Commercial REIT shares last traded at C$9.21, with a volume of 15,526 shares trading hands.
True North Commercial REIT Trading Down 0.8%
The firm has a market capitalization of C$132.60 million, a price-to-earnings ratio of -2.83 and a beta of 1.57. The firm's 50 day moving average is C$9.34 and its 200 day moving average is C$9.19. 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 Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a dividend of $0.0575 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a c) annualized dividend and a yield of 7.5%. True North Commercial REIT's dividend payout ratio is currently -52.78%.
True North Commercial REIT Company Profile
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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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