True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UN) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.64 and traded as low as C$8.28. True North Commercial REIT shares last traded at C$8.30, with a volume of 17,426 shares traded.

True North Commercial REIT Trading Down 0.2%

The firm has a market capitalization of C$115.91 million, a PE ratio of -4.89 and a beta of 0.89. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The company has a fifty day moving average of C$8.63 and a 200-day moving average of C$8.44.

True North Commercial REIT (TSE:TNT.UN) last issued its earnings results on Thursday, August 13th. The company reported C($0.23) EPS 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 firm had revenue of C$27.85 million during the quarter.

True North Commercial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a $0.0575 dividend. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 8.4%. True North Commercial REIT’s dividend payout ratio is currently -40.92%.

About True North Commercial REIT

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.