True North Commercial REIT (TSE:TNT.UN) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

True North Commercial REIT (TSE:TNT.UN)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.29 and traded as high as C$8.31. True North Commercial REIT shares last traded at C$8.28, with a volume of 14,029 shares changing hands.

True North Commercial REIT Price Performance

The firm has a market capitalization of C$116.47 million, a price-to-earnings ratio of -3.57 and a beta of 1.06. The company’s 50 day moving average is C$8.29 and its 200-day moving average is C$8.72. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.

True North Commercial REIT (TSE:TNT.UN) last issued its quarterly earnings data on Tuesday, March 17th. The company reported C($1.15) earnings per share (EPS) for the quarter. The company had revenue of C$40.33 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 Dividend Announcement

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

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