Melcor Real Estate Investment Trust (TSE:MR.UN – Get Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.41 and traded as low as C$2.81. Melcor Real Estate Investment Trust shares last traded at C$2.81, with a volume of 4,500 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. CIBC lowered their price objective on shares of Melcor Real Estate Investment Trust from C$3.75 to C$3.25 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Royal Bank of Canada decreased 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 on the stock in a research report on Thursday, March 7th.
Check Out Our Latest Stock Report 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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