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

True North Commercial REIT (TSE:TNT.UN)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$9.13 and traded as low as C$8.95. True North Commercial REIT shares last traded at C$9.01, with a volume of 11,576 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on True North Commercial REIT from C$12.00 to C$11.00 and set a “hold” rating for the company in a research note on Thursday, March 20th.

True North Commercial REIT Stock Performance

The stock has a market capitalization of C$130.28 million, a PE ratio of -2.78 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The business’s fifty day moving average price is C$9.13 and its 200-day moving average price is C$9.53.

True North Commercial REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a $0.0575 dividend. This represents a $0.69 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Friday, May 30th. True North Commercial REIT’s dividend payout ratio (DPR) is -52.78%.

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.