Melcor Real Estate Investment Trust (TSE:MR.UN) Share Price Crosses Below Two Hundred Day Moving Average of $6.68

Melcor Real Estate Investment Trust (TSE:MR.UNGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.68 and traded as low as C$5.96. Melcor Real Estate Investment Trust shares last traded at C$6.04, with a volume of 351 shares changing hands.

Wall Street Analyst Weigh In

Separately, CIBC reduced their target price on Melcor Real Estate Investment Trust from C$7.25 to C$6.75 in a report on Thursday, July 28th.

Melcor Real Estate Investment Trust Stock Up 1.3 %

The firm has a 50 day moving average of C$6.22 and a two-hundred day moving average of C$6.68. The firm has a market capitalization of C$78.30 million and a price-to-earnings ratio of 5.12. The company has a quick ratio of 0.07, a current ratio of 0.10 and a debt-to-equity ratio of 308.05.

Melcor Real Estate Investment Trust Company Profile

(Get Rating)

Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

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