Shares of True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$10.00 and traded as low as C$8.76. True North Commercial REIT shares last traded at C$8.81, with a volume of 16,378 shares trading hands.
Wall Street Analyst Weigh In
Separately, CIBC raised their target price on shares of True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.
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True North Commercial REIT Stock Performance
The business's 50-day moving average price is C$9.80 and its 200-day moving average price is C$10.84. 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 stock has a market cap of C$127.83 million, a PE ratio of -2.73 and a beta of 1.57.
About True North Commercial REIT
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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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