True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$8.06 and last traded at C$8.78, with a volume of 34057 shares traded. The stock had previously closed at C$9.05.
Analysts Set New Price Targets
Separately, CIBC lifted their price objective on shares of True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.
View Our Latest Stock Analysis on TNT.UN
True North Commercial REIT Stock Performance
The firm has a fifty day moving average price of C$10.10 and a 200 day moving average price of C$10.87. The firm has a market capitalization of C$128.26 million, a PE ratio of -2.74 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06.
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.
Further Reading
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