Raymond James reaffirmed their outperform rating on shares of True North Commercial REIT (TSE:TNT.UN) in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a C$7.00 price target on the stock.
Separately, Royal Bank of Canada reissued an outperform rating and issued a C$7.00 price objective on shares of True North Commercial REIT in a research note on Friday, May 10th.
Shares of True North Commercial REIT stock opened at C$6.68 on Monday. The company has a market cap of $383.68 million and a P/E ratio of 11.80. The company has a debt-to-equity ratio of 164.34, a quick ratio of 0.03 and a current ratio of 0.07. The stock’s 50 day moving average price is C$6.66. True North Commercial REIT has a 1-year low of C$5.30 and a 1-year high of C$6.87.
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.
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