True North Commercial REIT (TSE:TNT.UN) PT Raised to C$12.00

True North Commercial REIT (TSE:TNT.UN) had its target price upped by Canaccord Genuity Group from C$9.00 to C$12.00 in a research note released on Monday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, Raymond James upped their price target on shares of True North Commercial REIT from C$10.00 to C$12.50 in a research report on Friday, September 6th.

True North Commercial REIT Stock Up 0.7 %

Shares of TNT.UN opened at C$13.04 on Monday. The stock’s 50-day moving average price is C$10.42 and its two-hundred day moving average price is C$9.46. True North Commercial REIT has a 12 month low of C$6.33 and a 12 month high of C$14.05. The company has a market capitalization of C$188.56 million, a PE ratio of -4.02 and a beta of 1.53. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.

About True North Commercial REIT

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.