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

True North Commercial REIT (TSE:TNT.UN) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.98 and traded as low as C$8.83. True North Commercial REIT shares last traded at C$8.96, with a volume of 39,696 shares.

Analyst Upgrades and Downgrades

Separately, CIBC upped their target price on shares of True North Commercial REIT from C$9.25 to C$9.50 in a report on Thursday, November 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$10.25.

True North Commercial REIT Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The stock has a market cap of C$125.25 million, a P/E ratio of -3.95 and a beta of 1.39. The firm has a 50 day moving average price of C$8.98 and a 200 day moving average price of C$9.17.

True North Commercial REIT (TSE:TNT.UN) last released its earnings results on Tuesday, November 11th. The company reported C($0.37) earnings per share (EPS) for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.The firm had revenue of C$30.59 million during the quarter.

True North Commercial REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were paid a dividend of $0.0575 per share. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. True North Commercial REIT’s payout ratio is -17.74%.

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.