True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above 50-Day Moving Average of $5.59

True North Commercial REIT (TSE:TNT.UN)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.59 and traded as high as $5.81. True North Commercial REIT shares last traded at $5.53, with a volume of 682,002 shares traded.

Several research analysts have issued reports on TNT.UN shares. Laurentian Bank of Canada upped their price objective on True North Commercial REIT from C$7.50 to C$8.25 in a report on Thursday, March 5th. Canaccord Genuity dropped their target price on shares of True North Commercial REIT from C$8.00 to C$6.75 in a research report on Monday, April 13th. Raymond James set a C$6.25 target price on shares of True North Commercial REIT and gave the company an “outperform” rating in a research report on Friday, May 8th. Laurentian upped their target price on shares of True North Commercial REIT from C$7.50 to C$8.25 in a research report on Thursday, March 5th. Finally, CIBC upped their target price on shares of True North Commercial REIT from C$7.25 to C$7.75 in a research report on Thursday, March 5th.

The company has a debt-to-equity ratio of 156.60, a quick ratio of 0.33 and a current ratio of 0.38. The stock’s 50-day moving average is C$5.60 and its 200 day moving average is C$6.52. The firm has a market cap of $484.09 million and a P/E ratio of 11.98.

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.0495 per share. This represents a $0.59 dividend on an annualized basis and a yield of 10.44%. The ex-dividend date was Wednesday, April 29th. True North Commercial REIT’s dividend payout ratio (DPR) is presently 124.21%.

About True North Commercial REIT (TSE:TNT.UN)

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.

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