Melcor Real Estate Investment Trust (TSE:MR.UN) Shares Cross Below 200 Day Moving Average of $3.53

Melcor Real Estate Investment Trust (TSE:MR.UNGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.53 and traded as low as C$2.71. Melcor Real Estate Investment Trust shares last traded at C$2.71, with a volume of 13,610 shares.

Wall Street Analyst Weigh In

MR.UN has been the subject of several research analyst reports. CIBC cut 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. Royal Bank of Canada cut 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.

Check Out Our Latest Analysis on MR.UN

Melcor Real Estate Investment Trust Stock Down 2.9 %

The company has a 50-day moving average price of C$2.94 and a 200 day moving average price of C$3.53. The firm has a market capitalization of C$35.12 million, a PE ratio of -15.94 and a beta of 2.09. The company has a debt-to-equity ratio of 243.65, a current ratio of 0.26 and a quick ratio of 0.03.

Melcor Real Estate Investment Trust Company Profile

(Get Free Report)

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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