True North Commercial REIT (TSE:TNT.UN) Stock Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• True North Commercial REIT's stock price has dropped below its 50-day moving average of C$9.24, indicating potential concerns for investors.
• The company recently declared a monthly dividend of $0.0575 per share, yielding 7.3%, despite having a negative dividend payout ratio of -10.77%.
• True North Commercial REIT has a market capitalization of C$131.54 million and a high debt-to-equity ratio of 175.73, raising questions about its financial stability.

True North Commercial REIT (TSE:TNT.UN - )'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$9.24 and traded as low as C$9.24. True North Commercial REIT shares last traded at C$9.41, with a volume of 34,570 shares.

True North Commercial REIT Stock Performance

The stock's 50 day moving average price is C$9.24 and its 200 day moving average price is C$9.28. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The company has a market capitalization of C$131.54 million, a price-to-earnings ratio of -4.41 and a beta of 1.31.

True North Commercial REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were given 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 7.3%. True North Commercial REIT's dividend payout ratio is -10.77%.

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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