True North Commercial REIT (TSE:TNT.UN) Sets New 1-Year Low – Here’s What Happened

True North Commercial REIT (TSE:TNT.UN)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$7.82 and last traded at C$7.85, with a volume of 22656 shares trading hands. The stock had previously closed at C$8.13.

Analyst Ratings Changes

Separately, CIBC increased their price target 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 Down 3.8 %

The stock has a market capitalization of C$113.08 million, a price-to-earnings ratio of -2.41 and a beta of 1.57. The business has a 50-day moving average of C$9.21 and a 200-day moving average of C$10.81. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14.

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.