True North Commercial REIT (TSE:TNT.UN – Get 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
True North Commercial REIT Company Profile
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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