Melcor Real Estate Investment Trust (TSE:MR.UN – Get Rating)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.76 and traded as low as C$5.70. Melcor Real Estate Investment Trust shares last traded at C$5.80, with a volume of 8,899 shares traded.
Analyst Ratings Changes
MR.UN has been the topic of a number of recent research reports. CIBC cut their target price on shares of Melcor Real Estate Investment Trust from C$6.75 to C$6.25 and set a "neutral" rating on the stock in a research note on Monday, November 7th. Royal Bank of Canada cut 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 on the stock in a research note on Monday, November 7th.
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The stock's 50 day moving average is C$5.62 and its two-hundred day moving average is C$5.76. The company has a debt-to-equity ratio of 276.45, a current ratio of 0.05 and a quick ratio of 0.03. The stock has a market capitalization of C$75.17 million, a PE ratio of 5.42 and a beta of 2.03.
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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