True North Commercial REIT (TSE:TNT.UN) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of True North Commercial REIT (TSE:TNT.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.81 and traded as low as C$9.57. True North Commercial REIT shares last traded at C$9.63, with a volume of 19,455 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TNT.UN shares. CIBC raised their price objective on True North Commercial REIT from C$9.50 to C$11.25 in a research note on Monday, November 18th. Canaccord Genuity Group raised their price target on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd.

True North Commercial REIT Stock Performance

The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The stock has a 50 day moving average of C$10.79 and a 200 day moving average of C$10.81. The stock has a market capitalization of C$139.25 million, a P/E ratio of -2.97 and a beta of 1.57.

About True North Commercial REIT

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.