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

True North Commercial REIT (TSE:TNT.UN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.81 and traded as low as C$9.57. True North Commercial REIT shares last traded at C$9.63, with a volume of 19,455 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Canaccord Genuity Group raised 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 research note on Monday, September 23rd. CIBC lifted their price objective on True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th.

True North Commercial REIT Price Performance

The firm has a market cap of C$139.25 million, a price-to-earnings ratio of -2.97 and a beta of 1.57. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The stock’s fifty day moving average price is C$10.79 and its 200-day moving average price is C$10.81.

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.