True North Commercial REIT (TSE:TNT.UN - Get Free Report) declared a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.0575 per share on Monday, June 16th. This represents a $0.69 annualized dividend and a dividend yield of 7.70%. The ex-dividend date is Friday, May 30th.
True North Commercial REIT Trading Down 0.9%
Shares of TNT.UN stock traded down C$0.08 on Friday, hitting C$8.96. The stock had a trading volume of 10,222 shares, compared to its average volume of 23,738. True North Commercial REIT has a twelve month low of C$7.77 and a twelve month high of C$14.05. The firm has a market cap of C$129.56 million, a P/E ratio of -2.77 and a beta of 1.57. 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 fifty day moving average price of C$9.23 and a two-hundred day moving average price of C$9.61.
Analyst Ratings Changes
Separately, Canaccord Genuity Group decreased their price target 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 report on Thursday, March 20th.
Check Out Our Latest Analysis on TNT.UN
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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