True North Commercial REIT (TSE:TNT.UN) Price Target Lowered to C$8.50 at National Bankshares

True North Commercial REIT (TSE:TNT.UN) had its price target reduced by National Bankshares from C$8.75 to C$8.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

TNT.UN has been the topic of a number of other reports. CIBC lifted their target price on True North Commercial REIT from C$8.05 to C$9.00 and gave the stock a neutral rating in a report on Thursday, March 21st. Raymond James cut their price objective on True North Commercial REIT from C$11.25 to C$10.00 and set a market perform rating on the stock in a report on Thursday, March 21st.

True North Commercial REIT Stock Performance

Shares of TNT.UN opened at C$9.52 on Wednesday. True North Commercial REIT has a 52-week low of C$6.33 and a 52-week high of C$19.32. The firm has a market capitalization of C$142.70 million, a PE ratio of -3.68 and a beta of 1.53. The firm has a 50-day moving average price of C$8.95 and a 200 day moving average price of C$7.31. The company has a quick ratio of 0.06, a current ratio of 0.41 and a debt-to-equity ratio of 182.25.

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.