Melcor Real Estate Investment Trust (TSE:MR.UN – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.
Analyst Ratings Changes
A number of analysts have recently commented on MR.UN shares. CIBC reduced their price target on shares of Melcor Real Estate Investment Trust from C$3.75 to C$3.25 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada reduced their price target on shares of Melcor Real Estate Investment Trust from C$4.50 to C$3.25 and set a “sector perform” rating for the company in a research note on Thursday, March 7th.
Check Out Our Latest Analysis on Melcor Real Estate Investment Trust
Melcor Real Estate Investment Trust Price Performance
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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