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

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

Analyst Upgrades and Downgrades

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

True North Commercial REIT Trading Up 3.5 %

The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The company has a market capitalization of C$131.30 million, a PE ratio of -2.80 and a beta of 1.57. The stock’s fifty day moving average price is C$10.14 and its two-hundred day moving average price is C$10.86.

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.