True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

True North Commercial REIT (TSE:TNT.UN) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.71 and traded as low as C$9.51. True North Commercial REIT shares last traded at C$10.24, with a volume of 48,761 shares changing hands.

Analyst Upgrades and Downgrades

TNT.UN has been the topic of several research reports. CIBC increased their price objective on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research note on Monday, November 18th. Canaccord Genuity Group upped their price objective on 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. Finally, Raymond James raised their target price on True North Commercial REIT from C$10.00 to C$12.50 in a research note on Friday, September 6th.

True North Commercial REIT Stock Performance

The company has a market cap of C$148.07 million, a P/E ratio of -3.16 and a beta of 1.57. The company’s 50-day moving average price is C$11.68 and its two-hundred day moving average price is C$10.60. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.

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.