True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 197,200 shares, a growth of 26.5% from the April 30th total of 155,900 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 131.5 days.
A number of equities research analysts recently weighed in on TUERF shares. National Bank Financial lowered their target price on shares of True North Commercial Real Estate Investment Trust from C$7.50 to C$7.00 in a report on Wednesday, April 27th. Raymond James decreased their price objective on shares of True North Commercial Real Estate Investment Trust from C$7.75 to C$7.00 in a research note on Monday, May 9th. Finally, Canaccord Genuity Group decreased their price objective on shares of True North Commercial Real Estate Investment Trust from C$7.00 to C$6.75 in a research note on Tuesday, May 10th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, True North Commercial Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of $7.20.
True North Commercial Real Estate Investment Trust stock opened at $5.20 on Tuesday. True North Commercial Real Estate Investment Trust has a twelve month low of $3.86 and a twelve month high of $6.34. The firm has a 50 day moving average price of $5.40 and a 200-day moving average price of $5.63.
About True North Commercial Real Estate Investment Trust (Get Rating)
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 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.
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