True North Commercial REIT (TSE:TNT.UN – Get Free Report) had its price objective decreased by equities researchers at Raymond James from C$2.00 to C$1.75 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective suggests a potential upside of 31.58% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group lowered their price objective on True North Commercial REIT from C$1.75 to C$1.25 and set a “hold” rating for the company in a research note on Wednesday. National Bankshares cut True North Commercial REIT from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$1.25 to C$1.50 in a research note on Tuesday. Finally, CIBC decreased their price target on True North Commercial REIT from C$3.00 to C$2.25 in a research note on Thursday, October 19th.
True North Commercial REIT Stock Up 7.3 %
True North Commercial REIT Company Profile
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.
- Five stocks we like better than True North Commercial REIT
- How to Invest in Electric Cars
- 3 large caps with red hot RSIs with upside
- How to Invest in Grocery Stores
- Johnson Controls International: Nothing but upside for investors
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Unity Software’s resilient rebound post-earnings setback
Receive News & Ratings for True North Commercial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for True North Commercial REIT and related companies with MarketBeat.com's FREE daily email newsletter.