Shares of Melcor Real Estate Investment Trust (TSE:MR.UN – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.78 and traded as low as C$5.75. Melcor Real Estate Investment Trust shares last traded at C$5.80, with a volume of 3,546 shares traded.
Analyst Ratings Changes
A number of research firms have issued reports on MR.UN. Royal Bank of Canada reduced their target price on shares of Melcor Real Estate Investment Trust from C$6.50 to C$6.00 and set a "sector perform" rating for the company in a research note on Monday, November 7th. CIBC reduced their target price on shares of Melcor Real Estate Investment Trust from C$6.75 to C$6.25 and set a "neutral" rating for the company in a research note on Monday, November 7th.
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The stock has a market cap of C$75.19 million and a P/E ratio of 5.42. The company has a current ratio of 0.05, a quick ratio of 0.03 and a debt-to-equity ratio of 276.45. The company's fifty day simple moving average is C$5.59 and its 200-day simple moving average is C$5.78.
Melcor Real Estate Investment Trust Company Profile
(Get Rating)
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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