True North Commercial REIT (TSE:TNT.UN) PT Raised to C$10.50

True North Commercial REIT (TSE:TNT.UN) had its price objective upped by analysts at Raymond James from C$10.00 to C$10.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 9.60% from the stock’s previous close.

A number of other research firms have also recently commented on TNT.UN. CIBC lifted their price target on shares of 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. National Bankshares decreased their price objective 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 report on Wednesday.

True North Commercial REIT Stock Performance

Shares of TSE TNT.UN opened at C$9.58 on Wednesday. The company has a debt-to-equity ratio of 182.25, a quick ratio of 0.06 and a current ratio of 0.41. The company has a market cap of C$143.60 million, a P/E ratio of -3.65 and a beta of 1.53. The firm’s fifty day moving average is C$8.96 and its two-hundred day moving average is C$7.33. True North Commercial REIT has a 52-week low of C$6.33 and a 52-week high of C$19.03.

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.