True North Commercial REIT (TSE: TNT.UN – Get Rating) had its price target reduced by Canaccord Genuity Group from C $ 7.00 to C $ 6.75 in a report issued on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggestions a potential upside of 8.87% from the stock’s previous close.
Several other analysts also recently issued reports on the company. 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 note on Monday. CIBC dropped their target price on True North Commercial REIT from C $ 7.75 to C $ 7.00 and set a “neutral” rating for the company in a report on Friday. National Bankshares dropped their target price on True North Commercial REIT from C $ 7.50 to C $ 7.00 in a report on Wednesday, April 27th. Finally, Royal Bank of Canada set a C $ 7.75 price objective on True North Commercial REIT and gave the company a “market perform” rating in a report on Friday.
Shares of TNT.UN stock traded down C $ 0.25 during trading hours on Monday, reaching C $ 6.20. 417,399 shares of the company traded hands, compared to its average volume of 258,412. True North Commercial REIT has a 12-month low of C $ 6.12 and a 12-month high of C $ 7.68. The company has a debt-to-equity ratio of 156.27, a current ratio of 0.07 and a quick ratio of 0.05. The company has a market cap of C $ 550.05 million and a P / E ratio of 10.80. The firm has a 50-day moving average price of C $ 7.02 and a 200 day moving average price of C $ 7.22.
About True North Commercial REIT (Get Rating)
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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