True North Commercial REIT (TSE:TNT.UN) PT Raised to C$10.50

True North Commercial REIT (TSE:TNT.UN) had its price target raised by analysts at Raymond James from C$10.00 to C$10.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price target suggests a potential upside of 11.11% from the company’s previous close.

A number of other research firms have also recently commented on TNT.UN. National Bankshares cut their target price on True North Commercial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a research report on Wednesday. CIBC increased their price objective on True North Commercial REIT from C$8.05 to C$9.00 and gave the company a “neutral” rating in a report on Thursday, March 21st.

True North Commercial REIT Stock Down 0.5 %

Shares of TNT.UN traded down C$0.05 during mid-day trading on Wednesday, reaching C$9.45. The company’s stock had a trading volume of 9,694 shares, compared to its average volume of 42,733. The company has a debt-to-equity ratio of 182.25, a current ratio of 0.41 and a quick ratio of 0.06. True North Commercial REIT has a 12-month low of C$6.33 and a 12-month high of C$19.32. The stock has a market cap of C$141.66 million, a PE ratio of -3.65 and a beta of 1.53. The company’s 50 day moving average is C$8.94 and its 200 day moving average is C$7.26.

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.