True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

True North Commercial REIT (TSE:TNT.UN) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$8.65 and traded as high as C$8.75. True North Commercial REIT shares last traded at C$8.68, with a volume of 6,531 shares trading hands.

True North Commercial REIT Stock Performance

The stock’s 50-day moving average is C$8.65 and its 200-day moving average is C$8.46. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The stock has a market cap of C$122.10 million, a price-to-earnings ratio of -5.15 and a beta of 0.93.

True North Commercial REIT (TSE:TNT.UN) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.23) earnings per share for the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The business had revenue of C$27.85 million for the quarter.

True North Commercial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a $0.0575 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Friday, July 31st. True North Commercial REIT’s dividend payout ratio (DPR) is currently -40.92%.

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.