True North Commercial REIT (TSE:TNT.UN – Get Free Report) had its price objective lowered by research analysts at Canaccord Genuity Group from C$1.75 to C$1.25 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 0.81% from the stock’s previous close.
A number of other equities research analysts have also weighed in on TNT.UN. National Bankshares lowered shares of True North Commercial REIT from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$1.25 to C$1.50 in a research note on Tuesday. Raymond James lowered their price target on True North Commercial REIT from C$3.00 to C$2.00 in a report on Wednesday, October 25th. Finally, CIBC cut their price objective on shares of True North Commercial REIT from C$3.00 to C$2.25 in a research report on Thursday, October 19th.
True North Commercial REIT Stock Performance
About True North Commercial REIT
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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