True North Commercial REIT (TSE:TNT.UN) Shares Pass Above 50 Day Moving Average of $8.94

True North Commercial REIT (TSE:TNT.UN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.94 and traded as high as C$9.72. True North Commercial REIT shares last traded at C$9.50, with a volume of 69,849 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. CIBC boosted their target price 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. Raymond James cut their target price on True North Commercial REIT from C$11.25 to C$10.00 and set a “market perform” rating on the stock in a research report on Thursday, March 21st. Finally, National Bankshares boosted their target price 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.

True North Commercial REIT Stock Up 4.9 %

The company has a 50-day simple moving average of C$8.94 and a 200 day simple moving average of C$7.26. The company has a market cap of C$142.41 million, a P/E ratio of -3.67 and a beta of 1.53. The company has a current ratio of 0.41, a quick ratio of 0.06 and a debt-to-equity ratio of 182.25.

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.