True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.71 and traded as low as C$9.51. True North Commercial REIT shares last traded at C$10.24, with a volume of 48,761 shares.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TNT.UN. 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. CIBC boosted their price objective on True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th. Finally, Raymond James boosted their price objective on True North Commercial REIT from C$10.00 to C$12.50 in a research report on Friday, September 6th.
Get Our Latest Stock Analysis on True North Commercial REIT
True North Commercial REIT Stock Performance
The stock has a market cap of C$148.07 million, a price-to-earnings ratio of -3.16 and a beta of 1.57. 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's 50-day simple moving average is C$11.68 and its 200-day simple moving average is C$10.60.
About True North Commercial REIT
(
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The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.
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