True North Commercial REIT (TSE:TNT.UN) Sets New 52-Week Low – Should You Sell?

True North Commercial REIT (TSE:TNT.UN)’s stock price hit a new 52-week low on Monday . The company traded as low as C$8.06 and last traded at C$8.78, with a volume of 34057 shares trading hands. The stock had previously closed at C$9.05.

Wall Street Analyst Weigh In

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

True North Commercial REIT Trading Down 3.0 %

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 market cap of C$126.96 million, a price-to-earnings ratio of -2.71 and a beta of 1.57. The business has a 50 day simple moving average of C$10.29 and a 200 day simple moving average of C$10.86.

True North Commercial REIT Company Profile

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.