True North Commercial REIT (TSE:TNT.UN - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$9.15 and traded as high as C$9.63. True North Commercial REIT shares last traded at C$9.53, with a volume of 7,442 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group cut their price objective on shares of True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating on the stock in a research report on Thursday, March 20th.
Read Our Latest Report on TNT.UN
True North Commercial REIT Stock Down 0.7 %
The company has a market cap of C$137.80 million, a price-to-earnings ratio of -2.94 and a beta of 1.57. The business has a 50-day simple moving average of C$9.15 and a two-hundred day simple moving average of C$10.03. 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 Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 7.24%. This is a boost from True North Commercial REIT's previous monthly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, April 30th. True North Commercial REIT's payout ratio is presently -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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