True North Commercial REIT (TSE:TNT.UN) Price Target Raised to C$10.50 at Raymond James

True North Commercial REIT (TSE:TNT.UN) had its price objective hoisted by Raymond James from C$10.00 to C$10.50 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts also recently weighed in on the company. 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. National Bankshares decreased their price target on True North Commercial REIT from C$8.75 to C$8.50 and set a sector perform rating for the company in a report on Wednesday.

True North Commercial REIT Price Performance

TNT.UN stock opened at C$9.65 on Wednesday. The company has a market capitalization of C$144.65 million, a P/E ratio of -3.75 and a beta of 1.53. True North Commercial REIT has a twelve month low of C$6.33 and a twelve month high of C$18.75. The business has a 50 day simple moving average of C$8.96 and a 200-day simple moving average of C$7.34. The company has a current ratio of 0.41, a quick ratio of 0.06 and a debt-to-equity ratio of 182.25.

True North Commercial REIT Company Profile

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.