True North Commercial REIT (TSE:TNT.UN) Reaches New 12-Month Low – Should You Sell?

True North Commercial REIT (TSE:TNT.UN)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$7.99 and last traded at C$8.12, with a volume of 21940 shares trading hands. The stock had previously closed at C$8.23.

Wall Street Analyst Weigh In

Separately, CIBC lifted their price target on True North Commercial REIT from C$9.50 to C$11.25 in a research note on Monday, November 18th.

True North Commercial REIT Trading Down 1.8 %

The company has a market cap of C$116.84 million, a P/E ratio of -2.49 and a beta of 1.57. The firm’s 50 day moving average is C$9.36 and its two-hundred day moving average is C$10.83. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73.

True North Commercial REIT Company Profile

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.