True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.98 and traded as high as C$9.14. True North Commercial REIT shares last traded at C$8.90, with a volume of 15,130 shares.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group cut their target price on shares of True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a research note on Thursday, March 20th.
Check Out Our Latest Research Report on TNT.UN
True North Commercial REIT Stock Performance
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 cap of C$133.76 million, a P/E ratio of -2.85 and a beta of 1.57. The company has a 50 day moving average price of C$9.00 and a 200-day moving average price of C$10.30.
True North Commercial REIT Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be issued a $0.0575 dividend. The ex-dividend date is Wednesday, April 30th. This is a boost from True North Commercial REIT's previous monthly dividend of $0.02. This represents a $0.69 annualized dividend and a yield of 7.46%. True North Commercial REIT's dividend payout ratio is presently -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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