True North Commercial REIT (TSE:TNT.UN) PT Lowered to C$8.50 at National Bankshares

True North Commercial REIT (TSE:TNT.UN - Get Free Report) had its target price cut by research analysts at National Bankshares from C$8.75 to C$8.50 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price objective suggests a potential downside of 10.71% from the company's previous close.

Several other research analysts have also recently weighed in on the stock. Raymond James lowered their price target on shares of True North Commercial REIT from C$11.25 to C$10.00 and set a "market perform" rating on the stock in a report on Thursday, March 21st. CIBC increased their target price on True North Commercial REIT from C$8.05 to C$9.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st.

True North Commercial REIT Stock Up 0.2 %

Shares of True North Commercial REIT stock traded up C$0.02 during trading on Wednesday, reaching C$9.52. The stock had a trading volume of 23,232 shares, compared to its average volume of 42,902. The company has a current ratio of 0.41, a quick ratio of 0.06 and a debt-to-equity ratio of 182.25. The company has a market capitalization of C$142.70 million, a price-to-earnings ratio of -3.68 and a beta of 1.53. The stock has a fifty day moving average price of C$8.95 and a two-hundred day moving average price of C$7.31. True North Commercial REIT has a 52 week low of C$6.33 and a 52 week high of C$19.32.

About True North Commercial REIT

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.