True North Commercial REIT (TSE:TNT.UN - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$7.99 and last traded at C$8.12, with a volume of 21940 shares trading hands. The stock had previously closed at C$8.23.
Wall Street Analysts Forecast Growth
Separately, CIBC lifted their target price on True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.
Get Our Latest Analysis on TNT.UN
True North Commercial REIT Trading Down 1.7 %
The stock has a market capitalization of C$117.56 million, a P/E ratio of -2.51 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 50-day moving average price of C$9.25 and a 200 day moving average price of C$10.81.
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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