True North Commercial REIT (TSE:TNT.UN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UN)’s share price crossed 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 traded.

Analyst Ratings Changes

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

True North Commercial REIT Price Performance

The company has a market cap of C$151.54 million, a PE ratio of -3.23 and a beta of 1.57. The firm’s 50-day moving average is C$11.29 and its 200-day moving average is C$10.71. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73.

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.