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True North Commercial REIT (TSE:TNT.UN) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

True North Commercial REIT logo with Real Estate background

Key Points

  • True North Commercial REIT shares fell below their fifty-day moving average price of C$9.23, trading as low as C$9.09 during the session.
  • The company has announced a monthly dividend of $0.0575, with the ex-dividend date set for October 31st, offering a 7.5% dividend yield.
  • True North Commercial REIT's current market capitalization stands at C$128.61 million, with a high debt-to-equity ratio of 175.73.
  • Five stocks we like better than True North Commercial REIT.

Shares of True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.23 and traded as low as C$9.09. True North Commercial REIT shares last traded at C$9.20, with a volume of 17,111 shares changing hands.

True North Commercial REIT Trading Up 0.8%

The company has a market capitalization of C$128.61 million, a P/E ratio of -4.31 and a beta of 1.31. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The firm has a fifty day moving average price of C$9.23 and a 200-day moving average price of C$9.24.

True North Commercial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be issued a $0.0575 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 7.5%. True North Commercial REIT's dividend payout ratio is currently -10.77%.

About True North Commercial REIT

(Get Free Report)

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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