True North Commercial REIT (TSE:TNT.UN) Price Target Cut to C$10.00

True North Commercial REIT (TSE:TNT.UNGet Free Report) had its target price dropped by equities research analysts at Raymond James from C$11.25 to C$10.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price would suggest a potential upside of 11.11% from the company’s previous close.

A number of other equities research analysts have also recently commented on TNT.UN. CIBC increased their target price 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 report on Thursday. Canaccord Genuity Group raised their price target on shares of True North Commercial REIT from C$7.25 to C$9.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, National Bankshares raised their price target on shares of True North Commercial REIT from C$8.65 to C$8.75 and gave the stock a “sector perform” rating in a report on Monday, January 29th.

Read Our Latest Research Report on True North Commercial REIT

True North Commercial REIT Price Performance

TSE TNT.UN opened at C$9.00 on Thursday. The company has a debt-to-equity ratio of 178.41, a quick ratio of 0.06 and a current ratio of 0.29. The firm’s 50 day moving average price is C$8.98 and its 200-day moving average price is C$6.20. True North Commercial REIT has a 52-week low of C$6.33 and a 52-week high of C$20.58. The company has a market cap of C$142.11 million, a PE ratio of -2.54 and a beta of 1.50.

True North Commercial REIT Company Profile

(Get Free Report)

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.

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