True North Commercial REIT (TSE:TNT.UN) Reaches New 52-Week Low – Should You Sell?

Shares of True North Commercial REIT (TSE:TNT.UN) hit a new 52-week low during trading on Monday . The company traded as low as C$7.82 and last traded at C$7.85, with a volume of 22656 shares traded. The stock had previously closed at C$8.13.

Wall Street Analyst Weigh In

Separately, CIBC increased their price target on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th.

True North Commercial REIT Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The company has a market capitalization of C$113.08 million, a price-to-earnings ratio of -2.41 and a beta of 1.57. The stock’s 50-day simple moving average is C$9.21 and its two-hundred day simple moving average is C$10.81.

About True North Commercial REIT

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.