True North Commercial REIT (TSE:TNT.UN) Share Price Passes Below Fifty Day Moving Average – What’s Next?

True North Commercial REIT (TSE:TNT.UN – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.64 and traded as low as C$8.28. True North Commercial REIT shares last traded at C$8.30, with a volume of 17,426 shares changing hands.

True North Commercial REIT Trading Down 0.6%

The company’s fifty day simple moving average is C$8.64 and its two-hundred day simple moving average is C$8.44. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The company has a market capitalization of C$116.76 million, a price-to-earnings ratio of -4.92 and a beta of 0.89.

Get True North Commercial REIT alerts:

True North Commercial REIT (TSE:TNT.UN – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.23) earnings per share (EPS) for the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The firm had revenue of C$27.85 million during the quarter.

True North Commercial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a $0.0575 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Friday, July 31st. True North Commercial REIT’s payout ratio is presently -40.92%.

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

• Five stocks we like better than True North Commercial REIT
• Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
• Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
• Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For

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.