True North Commercial REIT (TSE:TNT.UN) Shares Cross Above 50 Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UN)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$8.26 and traded as high as C$8.41. True North Commercial REIT shares last traded at C$8.33, with a volume of 3,747 shares changing hands.

True North Commercial REIT Stock Up 0.2%

The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The firm has a market capitalization of C$117.46 million, a P/E ratio of -3.60 and a beta of 0.94. The company’s fifty day simple moving average is C$8.27 and its 200 day simple moving average is C$8.59.

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

True North Commercial REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a $0.0575 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. True North Commercial REIT’s dividend payout ratio is currently -29.75%.

True North Commercial REIT Company Profile

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.