Melcor Real Estate Investment Trust (TSE:MR.UN – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.80 and traded as low as C$2.90. Melcor Real Estate Investment Trust shares last traded at C$2.95, with a volume of 3,260 shares traded.
Wall Street Analysts Forecast Growth
MR.UN has been the subject of several research analyst reports. Royal Bank of Canada dropped their target price 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 report on Thursday, March 7th. CIBC lowered 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 report on Thursday, March 7th.
Get Our Latest Analysis on Melcor Real Estate Investment Trust
Melcor Real Estate Investment Trust Stock Performance
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.
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