True North Commercial REIT (TSE:TNT.UN) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UNGet Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.64 and traded as low as C$8.28. True North Commercial REIT shares last traded at C$8.30, with a volume of 17,426 shares traded.

True North Commercial REIT Stock Performance

The stock has a 50 day moving average price of C$8.64 and a two-hundred day moving average price of C$8.44. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The company has a market cap of C$116.76 million, a price-to-earnings ratio of -4.92 and a beta of 0.89.

True North Commercial REIT (TSE:TNT.UNGet Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.23) earnings per share (EPS) for the quarter. The company had revenue of C$27.85 million during 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Friday, July 31st. True North Commercial REIT’s payout ratio is presently -40.92%.

True North Commercial REIT Company Profile

(Get Free Report)

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.

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