True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Stock Price Up 0.7% – Still a Buy?

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) shot up 0.7% on Monday. The stock traded as high as $5.52 and last traded at $5.52. Approximately 51 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 922 shares. The stock had previously closed at $5.4791.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of True North Commercial Real Estate Investment Trust in a research note on Monday, August 17th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, True North Commercial Real Estate Investment Trust currently has an average rating of “Hold”.

True North Commercial Real Estate Investment Trust Stock Performance

The stock has a 50 day moving average of $5.93 and a 200 day moving average of $6.14.

About True North Commercial Real Estate Investment Trust

True North Commercial Real Estate Investment Trust is a Canadian real estate investment trust focused on owning and managing a portfolio of commercial properties, primarily office buildings, across Canada. The trust generates revenue through leasing space to businesses, government organizations and other commercial tenants.

Its properties are generally located in established urban and regional markets and serve a range of industries and public-sector users. True North Commercial REIT’s activities include property acquisition, asset management, leasing, tenant relations and the ongoing maintenance and improvement of its buildings.

The trust was established in 2012 and is externally managed by an affiliated management platform.