True North Commercial REIT (TNT.UN) To Go Ex-Dividend on October 30th

True North Commercial REIT (TSE:TNT.UN) declared a monthly dividend on Friday, October 30th. Investors of record on Monday, November 16th will be given a dividend of $0.0575 per share on Monday, November 16th. This represents a $0.69 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, October 30th.

True North Commercial REIT Stock Performance

Shares of True North Commercial REIT stock opened at C$7.54 on Wednesday. The stock has a market cap of C$106.07 million, a price-to-earnings ratio of -4.47 and a beta of 0.83. 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 firm’s 50-day moving average is C$8.04 and its 200 day moving average is C$8.39. True North Commercial REIT has a 1 year low of C$7.39 and a 1 year high of C$9.40.

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered shares of True North Commercial REIT from a “buy” rating to a “hold” rating and set a C$7.50 target price for the company. in a research note on Monday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$8.50.

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 37 properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.