True North Commercial REIT (TSE:TNT.UN - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.70 and traded as low as C$9.94. True North Commercial REIT shares last traded at C$10.54, with a volume of 28,769 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Canaccord Genuity Group upped their price objective on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. Raymond James lifted their target price on True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday, September 6th. Finally, CIBC increased their price objective on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th.
Check Out Our Latest Analysis on TNT.UN
True North Commercial REIT Stock Down 1.5 %
The firm has a market cap of C$150.09 million, a P/E ratio of -3.20 and a beta of 1.57. The firm's 50-day moving average price is C$11.29 and its 200 day moving average price is C$10.71. 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.
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