True North Commercial REIT (TSE:TNT.UN) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

True North Commercial REIT (TSE:TNT.UN) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.23 and traded as high as C$8.23. True North Commercial REIT shares last traded at C$8.19, with a volume of 21,716 shares.

True North Commercial REIT Price Performance

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 business has a fifty day simple moving average of C$8.23 and a 200 day simple moving average of C$8.64. The stock has a market capitalization of C$115.21 million, a P/E ratio of -3.53 and a beta of 1.06.

True North Commercial REIT (TSE:TNT.UN) last released its earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$29.83 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 firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.0575 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.4%. True North Commercial REIT’s dividend payout ratio is currently -29.75%.

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. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.