True North Commercial REIT (TSE:TNT.UN) Share Price Passes Below 200-Day Moving Average – What’s Next?

True North Commercial REIT (TSE:TNT.UN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.70 and traded as low as C$9.94. True North Commercial REIT shares last traded at C$10.54, with a volume of 28,769 shares changing hands.

Analysts Set New Price Targets

TNT.UN has been the subject of several recent analyst reports. Raymond James upped their price target on True North Commercial REIT from C$10.00 to C$12.50 in a research note on Friday, September 6th. Canaccord Genuity Group upped their target price on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, CIBC lifted their price target on shares of True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.

True North Commercial REIT Trading Up 6.4 %

The stock has a fifty day moving average of C$11.33 and a 200-day moving average of C$10.70. The company has a market cap of C$152.41 million, a PE ratio of -3.25 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14.

About True North Commercial REIT

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.