True North Commercial REIT (TSE:TNT.UN) Shares Pass Above 50-Day Moving Average – Should You Sell?

True North Commercial REIT (TSE:TNT.UN)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.04 and traded as high as C$12.76. True North Commercial REIT shares last traded at C$12.37, with a volume of 16,379 shares changing hands.

Wall Street Analyst Weigh In

TNT.UN has been the topic of a number of research analyst reports. Raymond James boosted their price target on True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday, September 6th. Canaccord Genuity Group boosted their target price 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.

True North Commercial REIT Stock Down 2.8 %

The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The stock has a market capitalization of C$168.46 million, a P/E ratio of -3.60 and a beta of 1.53. The company has a fifty day moving average price of C$11.14 and a 200-day moving average price of C$9.72.

About True North Commercial REIT

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.