National Bankshares Cuts True North Commercial REIT (TSE:TNT.UN) Price Target to C$8.50

True North Commercial REIT (TSE:TNT.UN) had its price objective decreased by National Bankshares from C$8.75 to C$8.50 in a research note published on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other research firms have also issued reports on TNT.UN. Raymond James cut their price target on shares of True North Commercial REIT from C$11.25 to C$10.00 and set a market perform rating on the stock in a report on Thursday, March 21st. CIBC boosted their price objective on shares of True North Commercial REIT from C$8.05 to C$9.00 and gave the company a neutral rating in a report on Thursday, March 21st.

True North Commercial REIT Stock Performance

True North Commercial REIT stock opened at C$9.65 on Wednesday. The company has a market capitalization of C$144.65 million, a PE ratio of -3.75 and a beta of 1.53. The company has a 50 day moving average price of C$8.96 and a 200-day moving average price of C$7.34. The company has a debt-to-equity ratio of 182.25, a quick ratio of 0.06 and a current ratio of 0.41. True North Commercial REIT has a fifty-two week low of C$6.33 and a fifty-two week high of C$18.75.

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.