True North Commercial REIT (TSE:TNT.UN) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

True North Commercial REIT (TSE:TNT.UN) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$8.35 and traded as high as C$8.54. True North Commercial REIT shares last traded at C$8.54, with a volume of 8,723 shares traded.

True North Commercial REIT Trading Up 0.9%

The firm has a market capitalization of C$121.26 million, a PE ratio of -3.72 and a beta of 0.94. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The company has a fifty day moving average of C$8.36 and a 200-day moving average of C$8.53.

True North Commercial REIT (TSE:TNT.UN) last issued its earnings results on Tuesday, May 12th. The company reported C$0.03 EPS for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.The firm had revenue of C$29.83 million for the quarter.

True North Commercial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a $0.0575 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%. True North Commercial REIT’s dividend payout ratio is currently -29.75%.

About True North Commercial REIT

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. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.