True North Commercial REIT (TSE:TNT.UN - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$7.82 and last traded at C$7.85, with a volume of 22656 shares traded. The stock had previously closed at C$8.13.
Analysts Set New Price Targets
Separately, CIBC lifted their price objective on True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.
View Our Latest Report on TNT.UN
True North Commercial REIT Trading Up 1.7 %
The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The company has a market cap of C$118.43 million, a P/E ratio of -2.53 and a beta of 1.57. The business has a 50-day moving average price of C$9.12 and a two-hundred day moving average price of C$10.79.
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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