True North Commercial REIT (TSE:TNT.UN) Shares Cross Above Fifty Day Moving Average – What’s Next?

True North Commercial REIT (TSE:TNT.UN)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$8.26 and traded as high as C$8.41. True North Commercial REIT shares last traded at C$8.33, with a volume of 3,747 shares changing hands.

True North Commercial REIT Price Performance

The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The company’s 50 day moving average price is C$8.26 and its 200 day moving average price is C$8.60. The company has a market cap of C$117.18 million, a price-to-earnings ratio of -3.59 and a beta of 0.94.

True North Commercial REIT (TSE:TNT.UN) last issued its earnings results on Tuesday, May 12th. The company reported C$0.03 EPS for the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The company had revenue of C$29.83 million for the quarter.

True North Commercial REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Friday, May 29th. True North Commercial REIT’s payout ratio is currently -29.75%.

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.