True North Commercial Reit (TNT.UN) Receives “Neutral” Rating from CIBC

CIBC restated their neutral rating on shares of True North Commercial Reit (TSE:TNT.UN) in a research report sent to investors on Friday, March 16th. They currently have a C$6.50 price objective on the stock.

Shares of TSE:TNT.UN traded down C$0.05 during mid-day trading on Friday, hitting C$6.60. 22,359 shares of the company traded hands, compared to its average volume of 161,761. True North Commercial Reit has a 12-month low of C$5.93 and a 12-month high of C$7.00.

The company also recently announced a monthly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th were paid a $0.0495 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.59 annualized dividend and a dividend yield of 9.00%.

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