True North Commercial REIT (TSE:TNT.UN) Stock Rating Reaffirmed by Raymond James
Raymond James reiterated their outperform rating on shares of True North Commercial REIT (TSE:TNT.UN) in a report published on Monday, BayStreet.CA reports. Raymond James currently has a C$7.00 price target on the stock.
Separately, Royal Bank of Canada reiterated an outperform rating and set a C$7.00 price objective on shares of True North Commercial REIT in a research note on Friday, May 10th.
TSE TNT.UN opened at C$6.69 on Monday. True North Commercial REIT has a 12 month low of C$5.30 and a 12 month high of C$6.87. The company has a debt-to-equity ratio of 164.34, a current ratio of 0.07 and a quick ratio of 0.03. The firm has a market capitalization of $384.26 million and a PE ratio of 11.82. The company’s 50 day simple moving average is C$6.66 and its 200 day simple moving average is C$6.59.
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.
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