True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) has been assigned an average rating of “Hold” by the six analysts who cover the stock, reports Marketbeat.com. Three investment analysts have rated the stock with a hold recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $7.17.

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

Shares of True North Commercial Real Estate Investment Trust were flat at $5.25 during Wednesday’s midday session. The company’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 minimum of $3.86 and a 1 year maximum of $6.30.

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

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 comprising approximately 4.8 million square feet in selected urban and strategic secondary markets across Canada, focused on long-term leases with government and rated tenants.

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