True North Commercial REIT (TSE:TNT.UN) Stock Passes Below Fifty Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UNGet Free Report)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$8.42 and traded as low as C$8.14. True North Commercial REIT shares last traded at C$8.14, with a volume of 14,597 shares.

True North Commercial REIT Stock Performance

The company has a market capitalization of C$114.43 million, a P/E ratio of -3.51 and a beta of 0.96. 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 price of C$8.42 and a two-hundred day moving average price of C$8.84.

True North Commercial REIT (TSE:TNT.UNGet Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported C($1.15) earnings per share for the quarter. The firm had revenue of C$40.33 million for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

True North Commercial REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were issued a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Friday, February 27th. True North Commercial REIT’s payout ratio is -24.82%.

True North Commercial REIT Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for True North Commercial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for True North Commercial REIT and related companies with MarketBeat.com's FREE daily email newsletter.