True North Commercial REIT (TSE:TNT.UN - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$9.00 and traded as high as C$10.16. True North Commercial REIT shares last traded at C$10.12, with a volume of 16,659 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their target price on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating on the stock in a research report on Thursday, March 20th.
Read Our Latest Research Report on True North Commercial REIT
True North Commercial REIT Price Performance
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 company has a market capitalization of C$142.29 million, a PE ratio of -3.04 and a beta of 1.57. The stock's 50-day moving average is C$9.01 and its two-hundred day moving average is C$10.70.
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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