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

True North Commercial REIT (TSE:TNT.UN)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$7.82 and last traded at C$7.85, with a volume of 22656 shares traded. The stock had previously closed at C$8.13.

Analyst Upgrades and Downgrades

Separately, CIBC increased their target price on shares of True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.

True North Commercial REIT Price Performance

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 company has a fifty day moving average price of C$9.12 and a 200 day moving average price of C$10.79. The company has a market capitalization of C$116.84 million, a P/E ratio of -2.49 and a beta of 1.57.

About True North Commercial REIT

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.