True North Commercial REIT (TSE:TNT.UN) Stock Price Crosses Above Fifty Day Moving Average of $9.22

True North Commercial REIT (TSE:TNT.UN) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$9.22 and traded as high as C$12.04. True North Commercial REIT shares last traded at C$11.17, with a volume of 56,708 shares trading hands.

Analysts Set New Price Targets

Separately, Raymond James increased their target price on shares of True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday.

True North Commercial REIT Price Performance

The firm’s fifty day moving average price is C$9.28 and its 200-day moving average price is C$9.05. 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 cap of C$162.39 million, a P/E ratio of -3.47 and a beta of 1.52.

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.