True North Commercial REIT (TSE:TNT.UN) Share Price Passes Below Two Hundred Day Moving Average of $8.88

Shares of True North Commercial REIT (TSE:TNT.UNGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.88 and traded as low as C$8.70. True North Commercial REIT shares last traded at C$8.75, with a volume of 15,100 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on TNT.UN. Raymond James dropped their target price on shares of True North Commercial REIT from C$10.50 to C$9.75 in a research report on Wednesday, May 15th. CIBC boosted their target price on shares of True North Commercial REIT from C$9.00 to C$9.50 in a research report on Thursday, May 9th. Finally, National Bankshares dropped their target price on shares of True North Commercial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th.

Get Our Latest Research Report on True North Commercial REIT

True North Commercial REIT Price Performance

The company has a debt-to-equity ratio of 183.04, a quick ratio of 0.06 and a current ratio of 0.33. The business’s 50 day simple moving average is C$9.10 and its 200-day simple moving average is C$8.88. The stock has a market capitalization of C$129.50 million, a price-to-earnings ratio of -3.25 and a beta of 1.51.

About True North Commercial REIT

(Get Free Report)

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.

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