Shares of True North Commercial REIT (TSE:TNT.UN – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.94 and traded as high as C$9.72. True North Commercial REIT shares last traded at C$9.50, with a volume of 69,849 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on TNT.UN shares. Raymond James cut their price objective on shares of True North Commercial REIT from C$11.25 to C$10.00 and set a “market perform” rating on the stock in a research report on Thursday, March 21st. National Bankshares increased their price objective on shares of True North Commercial REIT from C$8.65 to C$8.75 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Finally, CIBC increased their price objective on shares of True North Commercial REIT from C$8.05 to C$9.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st.
Check Out Our Latest Stock Analysis on TNT.UN
True North Commercial REIT Stock Performance
True North Commercial REIT Company Profile
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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