True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.17.

A number of equities analysts have recently commented on TUERF shares. Raymond James lowered their price target on True North Commercial Real Estate Investment Trust from C$7.75 to C$7.00 in a report on Monday, May 9th. Canaccord Genuity Group reduced their price objective on True North Commercial Real Estate Investment Trust from C$7.00 to C$6.75 in a research report on Tuesday, May 10th. National Bank Financial reduced their price target on True North Commercial Real Estate Investment Trust from C$7.50 to C$7.00 in a research report on Wednesday, April 27th. Finally, Industrial Alliance Securities initiated coverage on True North Commercial Real Estate Investment Trust in a research report on Wednesday. They issued a “hold” rating and a C$7.00 price target on the stock.

True North Commercial Real Estate Investment Trust stock remained flat at $$5.25 during mid-day trading on Wednesday. The firm’s fifty day simple moving average is $5.32 and its 200 day simple moving average is $5.60. True North Commercial Real Estate Investment Trust has a 1-year low of $3.86 and a 1-year high of $6.30.

True North Commercial Real Estate Investment Trust Company Profile (Get Rating)

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 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.

Further Reading

Receive News & Ratings for True North Commercial Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for True North Commercial Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.