True North Commercial REIT’s (TNT.UN) Outperform Rating Reiterated at Raymond James

Raymond James reaffirmed their outperform rating on shares of True North Commercial REIT (TSE:TNT.UN) in a report published on Monday morning, BayStreet.CA reports. Raymond James currently has a C$7.00 price target on the stock.

Separately, Royal Bank of Canada reaffirmed an outperform rating and issued a C$7.00 price objective on shares of True North Commercial REIT in a research report on Friday, May 10th.

TNT.UN opened at C$6.68 on Monday. The company has a market cap of $383.68 million and a PE ratio of 11.80. True North Commercial REIT has a 12 month low of C$5.30 and a 12 month high of C$6.87. The company has a fifty day moving average of C$6.66. The company has a quick ratio of 0.03, a current ratio of 0.07 and a debt-to-equity ratio of 164.34.

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.

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