True North Commercial REIT (TSE:TNT.UN) Price Target Raised to C$11.25

True North Commercial REIT (TSE:TNT.UN) had its price objective upped by CIBC from C$9.50 to C$11.25 in a research note released on Monday morning,BayStreet.CA reports.

TNT.UN has been the subject of several other research reports. Canaccord Genuity Group raised their target price on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Raymond James raised their price objective on shares of True North Commercial REIT from C$10.00 to C$12.50 in a research note on Friday, September 6th.

True North Commercial REIT Stock Performance

Shares of TNT.UN stock opened at C$11.11 on Monday. The firm’s 50 day moving average price is C$12.51 and its 200-day moving average price is C$10.32. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. True North Commercial REIT has a one year low of C$6.52 and a one year high of C$14.05. The firm has a market cap of C$160.65 million, a P/E ratio of -3.43 and a beta of 1.57.

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.