True North Commercial REIT (TSE:TNT.UN) Stock Crosses Below 50-Day Moving Average – Should You Sell?

True North Commercial REIT (TSE:TNT.UN)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.71 and traded as low as C$9.51. True North Commercial REIT shares last traded at C$10.24, with a volume of 48,761 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TNT.UN shares. Canaccord Genuity Group upped their price target on True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. CIBC upped their target price on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research note on Monday, November 18th. Finally, Raymond James raised their price target on shares of True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday, September 6th.

True North Commercial REIT Stock Performance

The company has a market capitalization of C$148.07 million, a price-to-earnings ratio of -3.16 and a beta of 1.57. The stock has a 50 day simple moving average of C$11.71 and a 200 day simple moving average of C$10.60. The company has a quick ratio of 0.06, a current ratio of 0.14 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.