Melcor Real Estate Investment Trust (TSE:MR.UN) Share Price Crosses Below 200 Day Moving Average of $3.75

Shares of Melcor Real Estate Investment Trust (TSE:MR.UN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.75 and traded as low as C$2.98. Melcor Real Estate Investment Trust shares last traded at C$3.02, with a volume of 11,400 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on MR.UN. Royal Bank of Canada decreased their price objective on Melcor Real Estate Investment Trust from C$4.50 to C$3.25 and set a “sector perform” rating for the company in a report on Thursday, March 7th. CIBC reduced their target price on Melcor Real Estate Investment Trust from C$3.75 to C$3.25 and set a “neutral” rating for the company in a report on Thursday, March 7th.

Melcor Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.03, a current ratio of 0.26 and a debt-to-equity ratio of 243.65. The firm has a market capitalization of C$39.14 million, a price-to-earnings ratio of 50.33 and a beta of 2.06. The stock’s 50 day moving average price is C$2.99 and its two-hundred day moving average price is C$3.75.

About Melcor Real Estate Investment Trust

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.