True North Commercial REIT (TSE:TNT.UN) Stock Crosses Above 50 Day Moving Average of $8.98

Shares of True North Commercial REIT (TSE:TNT.UN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$8.98 and traded as high as C$9.44. True North Commercial REIT shares last traded at C$9.37, with a volume of 25,477 shares.

Wall Street Analyst Weigh In

TNT.UN has been the subject of a number of research analyst reports. CIBC raised their price target on 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. Raymond James raised their price target on True North Commercial REIT from C$10.00 to C$10.50 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. Finally, National Bankshares decreased their price target on True North Commercial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th.

True North Commercial REIT Trading Up 0.4 %

The company has a current ratio of 0.41, a quick ratio of 0.06 and a debt-to-equity ratio of 182.25. The stock has a 50-day simple moving average of C$8.98 and a two-hundred day simple moving average of C$7.57. The firm has a market capitalization of C$140.46 million, a P/E ratio of -3.62 and a beta of 1.53.

About True North Commercial REIT

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.