Melcor Real Estate Investment Trust (TSE:MR.UN – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.69 and traded as low as C$2.97. Melcor Real Estate Investment Trust shares last traded at C$2.98, with a volume of 6,500 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently weighed in 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 decreased their price objective 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.
View Our Latest Analysis on Melcor Real Estate Investment Trust
Melcor Real Estate Investment Trust Trading Down 0.7 %
Melcor Real Estate Investment Trust Company Profile
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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