True North Commercial REIT (TSE:TNT.UN) Price Target Cut to C$8.50

True North Commercial REIT (TSE:TNT.UN) had its target price reduced by National Bankshares from C$8.75 to C$8.50 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also issued research reports about the company. CIBC increased 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 report on Thursday, March 21st. Raymond James cut their price target on shares of True North Commercial REIT from C$11.25 to C$10.00 and set a market perform rating for the company in a research note on Thursday, March 21st.

True North Commercial REIT Trading Up 0.2 %

TSE:TNT.UN opened at C$9.52 on Wednesday. The stock has a market cap of C$142.70 million, a PE ratio of -3.68 and a beta of 1.53. True North Commercial REIT has a fifty-two week low of C$6.33 and a fifty-two week high of C$19.32. 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 stock’s 50-day moving average is C$8.95 and its two-hundred day 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.