True North Commercial REIT (TSE:TNT.UN) Stock Price Crosses Below Fifty Day Moving Average of $8.96

True North Commercial REIT (TSE:TNT.UN)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.96 and traded as low as C$8.44. True North Commercial REIT shares last traded at C$8.51, with a volume of 55,843 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TNT.UN. CIBC raised their price objective on True North Commercial REIT from C$8.05 to C$9.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. National Bankshares raised their price objective on True North Commercial REIT from C$8.65 to C$8.75 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Canaccord Genuity Group raised their price objective on True North Commercial REIT from C$7.25 to C$9.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Raymond James cut their price objective on True North Commercial REIT from C$11.25 to C$10.00 and set a “market perform” rating for the company in a research report on Thursday, March 21st.

True North Commercial REIT Trading Down 3.0 %

The company has a market cap of C$127.56 million, a PE ratio of -3.29 and a beta of 1.53. The company has a debt-to-equity ratio of 182.25, a current ratio of 0.41 and a quick ratio of 0.06. The company has a 50-day moving average of C$8.96 and a 200 day moving average of C$7.03.

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.