True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of True North Commercial REIT (TSE:TNT.UN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.04 and traded as high as C$12.76. True North Commercial REIT shares last traded at C$12.37, with a volume of 16,379 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James boosted their price objective on shares of True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday, September 6th. Canaccord Genuity Group upped their price target on True North Commercial REIT from C$9.00 to C$12.00 and gave the company a “hold” rating in a report on Monday, September 23rd.

True North Commercial REIT Stock Performance

The stock’s 50 day moving average is C$11.04 and its two-hundred day moving average is C$9.69. The firm has a market cap of C$178.87 million, a P/E ratio of -3.82 and a beta of 1.53. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06.

About True North Commercial REIT

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.