Raymond James Raises True North Commercial REIT (TSE:TNT.UN) Price Target to C$10.50

True North Commercial REIT (TSE:TNT.UN) had its price target upped by Raymond James from C$10.00 to C$10.50 in a research report released on Wednesday, BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other brokerages also recently weighed in on TNT.UN. National Bankshares cut their price target on shares of True North Commercial REIT from C$8.75 to C$8.50 and set a sector perform rating on the stock in a report on Wednesday. CIBC lifted their price target on True North Commercial REIT from C$8.05 to C$9.00 and gave the stock a neutral rating in a research note on Thursday, March 21st.

True North Commercial REIT Price Performance

TNT.UN opened at C$9.52 on Wednesday. The company has a market capitalization of C$142.70 million, a price-to-earnings ratio of -3.68 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. True North Commercial REIT has a 12-month low of C$6.33 and a 12-month high of C$19.32. The business’s fifty day simple moving average is C$8.95 and its 200-day simple moving average is C$7.31.

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.