True North Commercial REIT (TSE:TNT.UN) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

True North Commercial REIT (TSE:TNT.UN)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$8.35 and traded as high as C$8.54. True North Commercial REIT shares last traded at C$8.54, with a volume of 8,723 shares trading hands.

True North Commercial REIT Stock Performance

The firm’s 50 day moving average price is C$8.35 and its two-hundred day moving average price is C$8.53. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The firm has a market cap of C$120.13 million, a PE ratio of -3.68 and a beta of 0.94.

True North Commercial REIT (TSE:TNT.UN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$29.83 million during the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%.

True North Commercial REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0575 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.1%. True North Commercial REIT’s dividend payout ratio (DPR) is -29.75%.

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. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.