Shares of True North Commercial REIT (TSE: TNT.UN – Get Rating) reached a new 52-week low on Tuesday. The company traded as low as C $ 6.06 and last traded at C $ 6.07, with a volume of 92218 shares. The stock had previously closed at C $ 6.16.
TNT.UN has been the topic of a number of recent research reports. CIBC decreased their target price on True North Commercial REIT from C $ 7.75 to C $ 7.00 and set a “neutral” rating on the stock in a research report on Friday, May 6th. Royal Bank of Canada set a C $ 7.75 target price on True North Commercial REIT and gave the stock a “market perform” rating in a research report on Friday, May 6th. Raymond James decreased their target price on True North Commercial REIT from C $ 7.75 to C $ 7.00 and set a “market perform” rating on the stock in a research report on Monday, May 9th. National Bankshares cut their price target on shares of True North Commercial REIT from C $ 7.50 to C $ 7.00 in a research note on Wednesday, April 27th. Finally, Canaccord Genuity Group cut their price target on shares of True North Commercial REIT from C $ 7.00 to C $ 6.75 in a research note on Monday, May 9th.
The stock has a market cap of C $ 541.79 million and a P / E ratio of 9.78. The company has a debt-to-equity ratio of 155.04, a current ratio of 0.09 and a quick ratio of 0.07. The business’s 50 day simple moving average is C $ 6.67 and its 200 day simple moving average is C $ 7.04.
The company also recently announced a monthly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 15th will be paid a $ 0.0495 dividend. This represents a $ 0.59 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Monday, May 30th. True North Commercial REIT’s dividend payout ratio (DPR) is currently 94.29%.
True North Commercial REIT Company Profile (TSE: TNT.UN)
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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