True North Commercial REIT (TSE:TNT.UN) Stock Crosses Above 50-Day Moving Average – Here’s Why

Shares of True North Commercial REIT (TSE:TNT.UN – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$8.26 and traded as high as C$8.36. True North Commercial REIT shares last traded at C$8.31, with a volume of 11,860 shares traded.

True North Commercial REIT Price Performance

The company’s 50-day simple moving average is C$8.26 and its 200-day simple moving average is C$8.68. 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 stock has a market capitalization of C$116.90 million, a price-to-earnings ratio of -3.59 and a beta of 1.06.

Get True North Commercial REIT alerts:

True North Commercial REIT (TSE:TNT.UN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$29.83 million during 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be given a $0.0575 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Thursday, April 30th. True North Commercial REIT’s payout ratio is presently -24.82%.

About True North Commercial REIT

(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.

Featured Articles

• Five stocks we like better than True North Commercial REIT
• D-Wave Earnings Looked Weak, But Investors May Be Missing This
• Nebius Upside Expands as AI Feedback Loop Intensifies
• Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
• Plug Power Flips The Switch On Profitability

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.