True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.63 and traded as low as C$8.74. True North Commercial REIT shares last traded at C$9.06, with a volume of 48,112 shares.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reduced their price objective on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th.
View Our Latest Analysis on TNT.UN
True North Commercial REIT Stock Down 5.2 %
The stock has a market capitalization of C$124.21 million, a PE ratio of -2.65 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. The business's fifty day moving average price is C$9.04 and its two-hundred day moving average price is C$10.61.
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.
Further Reading
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