True North Commercial REIT (TSE:TNT.UN – Get Rating) declared a monthly dividend on Monday, May 30th, TickerTech reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.0495 per share on Wednesday, June 15th. This represents a $0.59 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date is Monday, May 30th.
Shares of True North Commercial REIT stock opened at C$6.57 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.07 and a debt-to-equity ratio of 155.04. The company’s fifty day simple moving average is C$6.82 and its two-hundred day simple moving average is C$7.11. The company has a market cap of C$586.42 million and a P/E ratio of 10.43. True North Commercial REIT has a 12-month low of C$6.07 and a 12-month high of C$7.68.
TNT.UN has been the topic of a number of research analyst reports. Raymond James reduced their price objective on shares of True North Commercial REIT from C$7.75 to C$7.00 and set a “market perform” rating on the stock in a research report on Monday, May 9th. Canaccord Genuity Group reduced their price objective on shares of True North Commercial REIT from C$7.00 to C$6.75 in a research report on Monday, May 9th. CIBC reduced their target price on shares of True North Commercial REIT from C$7.75 to C$7.00 and set a “neutral” rating on the stock in a research report on Friday, May 6th. Royal Bank of Canada set a C$7.75 target price on shares of True North Commercial REIT and gave the stock a “market perform” rating in a research report on Friday, May 6th. Finally, National Bankshares reduced their target price on shares of True North Commercial REIT from C$7.50 to C$7.00 in a research report on Wednesday, April 27th.
(Ad)
A biopharmaceutical company, interactive technology, a refrigerant services company and a specialty pharmaceutical company…
These 4 penny stocks are poised to soar.
Click here to get the names of all 4 penny stocks.
True North Commercial REIT Company Profile (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 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in True North Commercial REIT right now?
Before you consider True North Commercial REIT, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and True North Commercial REIT wasn’t on the list.
While True North Commercial REIT currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
