True North Commercial REIT (TSE:TNT.UN) Reaches New 52-Week Low – What’s Next?

True North Commercial REIT (TSE:TNT.UN) shares reached a new 52-week low on Monday . The stock traded as low as C$8.06 and last traded at C$8.78, with a volume of 34057 shares. The stock had previously closed at C$9.05.

Analyst Ratings Changes

Separately, CIBC lifted their price objective on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research note on Monday, November 18th.

True North Commercial REIT Stock Up 3.5 %

The firm has a market capitalization of C$131.30 million, a P/E ratio of -2.80 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The stock has a 50 day moving average of C$10.14 and a 200-day moving average of C$10.86.

True North Commercial REIT Company Profile

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.