True North Commercial REIT (TSE:TNT.UN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

True North Commercial REIT (TSE:TNT.UN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.77 and traded as low as C$9.98. True North Commercial REIT shares last traded at C$10.13, with a volume of 13,257 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. CIBC upped their target price on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th.

True North Commercial REIT Stock Performance

The firm has a fifty day moving average of C$11.08 and a 200-day moving average of C$10.77. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The firm has a market cap of C$142.00 million, a P/E ratio of -3.03 and a beta of 1.57.

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.