True North Commercial REIT (TSE:TNT.UN) Share Price Passes Above 50 Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UN) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$8.26 and traded as high as C$8.36. True North Commercial REIT shares last traded at C$8.31, with a volume of 11,860 shares traded.

True North Commercial REIT Stock Performance

The company has a market capitalization of C$116.33 million, a P/E ratio of -3.57 and a beta of 1.06. The business has a 50-day moving average of C$8.25 and a 200-day moving average of C$8.67. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06.

True North Commercial REIT (TSE:TNT.UN) last released its earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$29.83 million for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

True North Commercial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 8.3%. True North Commercial REIT’s dividend payout ratio (DPR) is presently -24.82%.

True North Commercial REIT Company Profile

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. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.