True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above 50 Day Moving Average of $5.92

True North Commercial REIT (TSE:TNT.UN – Get Rating)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$5.92 and traded as high as C$6.16. True North Commercial REIT shares last traded at C$6.11, with a volume of 386,733 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TNT.UN. National Bankshares reduced their price objective on shares of True North Commercial REIT from C$6.00 to C$5.50 in a research report on Monday, October 24th. Raymond James reduced their price target on shares of True North Commercial REIT from C$6.75 to C$5.50 and set a “market perform” rating for the company in a research report on Friday, November 4th. Finally, CIBC reduced their price target on shares of True North Commercial REIT from C$6.75 to C$6.00 and set a “neutral” rating for the company in a research report on Friday, November 4th.

True North Commercial REIT Stock Up 1.3 %

The company has a debt-to-equity ratio of 156.87, a quick ratio of 0.06 and a current ratio of 0.09. The firm’s 50-day moving average is C$5.92 and its 200 day moving average is C$6.10. The firm has a market capitalization of C$559.90 million and a PE ratio of 9.70.

True North Commercial REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 16th. Investors of record on Monday, January 16th will be given a $0.0495 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.59 annualized dividend and a dividend yield of 9.72%. True North Commercial REIT’s dividend payout ratio is presently 94.29%.

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.