Melcor Real Estate Investment Trust (TSE:MR.UN – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.58 and traded as low as C$2.79. Melcor Real Estate Investment Trust shares last traded at C$2.81, with a volume of 6,500 shares traded.
Analysts Set New Price Targets
Several research firms recently issued reports on MR.UN. CIBC reduced their price objective 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 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.
View Our Latest Analysis on MR.UN
Melcor Real Estate Investment Trust Stock Performance
The company has a debt-to-equity ratio of 243.65, a quick ratio of 0.03 and a current ratio of 0.26. The firm has a 50 day moving average price of C$2.96 and a two-hundred day moving average price of C$3.58. The company has a market capitalization of C$36.42 million, a P/E ratio of 46.83 and a beta of 2.09.
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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