Canaccord Genuity Group Cuts True North Commercial REIT (TSE:TNT.UN) Price Target to C$11.00

True North Commercial REIT (TSE:TNT.UN) had its price objective lowered by Canaccord Genuity Group from C$12.00 to C$11.00 in a research note published on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

True North Commercial REIT Stock Up 1.7 %

Shares of TSE TNT.UN opened at C$10.73 on Thursday. True North Commercial REIT has a 12-month low of C$7.77 and a 12-month high of C$14.05. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The stock has a market cap of C$155.16 million, a P/E ratio of -3.31 and a beta of 1.57. The business’s fifty day simple moving average is C$8.97 and its 200-day simple moving average is C$10.75.

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.