True North Commercial REIT (TSE:TNT.UN) Sets New 1-Year Low – Should You Sell?

True North Commercial REIT (TSE:TNT.UN – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$7.50 and last traded at C$7.52, with a volume of 9661 shares traded. The stock had previously closed at C$7.55.

True North Commercial REIT Stock Down 0.8%

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 50 day simple moving average of C$8.32 and a 200-day simple moving average of C$8.38. The firm has a market cap of C$104.38 million, a PE ratio of -4.40 and a beta of 0.83.

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True North Commercial REIT (TSE:TNT.UN – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$27.85 million during 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 business also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend was Friday, July 31st. True North Commercial REIT’s dividend payout ratio (DPR) is presently -40.92%.

True North Commercial REIT Company Profile

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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 37 properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.

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