Shares of True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.77 and traded as low as C$9.98. True North Commercial REIT shares last traded at C$10.13, with a volume of 13,257 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have commented on TNT.UN shares. Canaccord Genuity Group lifted their price objective on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a "hold" rating in a research note on Monday, September 23rd. CIBC lifted their price target on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research note on Monday, November 18th.
View Our Latest Report on TNT.UN
True North Commercial REIT Stock Down 3.1 %
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 moving average price is C$11.08 and its 200 day moving average price is C$10.77. The firm has a market capitalization of C$142.00 million, a price-to-earnings ratio of -3.03 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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