National Bankshares Cuts True North Commercial REIT (TSE:TNT.UN) Price Target to C$8.50

True North Commercial REIT (TSE:TNT.UN) had its price target trimmed by National Bankshares from C$8.75 to C$8.50 in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on TNT.UN. CIBC upped their price target on shares of True North Commercial REIT from C$8.05 to C$9.00 and gave the company a neutral rating in a research note on Thursday, March 21st. Raymond James decreased their price target on shares of True North Commercial REIT from C$11.25 to C$10.00 and set a market perform rating on the stock in a research note on Thursday, March 21st.

True North Commercial REIT Price Performance

True North Commercial REIT stock opened at C$9.65 on Wednesday. The company has a market cap of C$144.65 million, a price-to-earnings ratio of -3.73 and a beta of 1.53. The firm’s fifty day moving average is C$8.97 and its 200 day moving average is C$7.39. The company has a quick ratio of 0.06, a current ratio of 0.41 and a debt-to-equity ratio of 182.25. True North Commercial REIT has a 52-week low of C$6.33 and a 52-week high of C$18.75.

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.