Melcor Real Estate Investment Trust (TSE:MR.UN – Get Rating) had its price target cut by investment analysts at CIBC from C$6.25 to C$6.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a "neutral" rating on the stock. CIBC's price objective indicates a potential upside of 7.14% from the stock's previous close.
Melcor Real Estate Investment Trust Price Performance
Melcor Real Estate Investment Trust stock opened at C$5.60 on Friday. The company has a market capitalization of C$72.58 million, a price-to-earnings ratio of 5.23 and a beta of 2.03. The stock's 50 day moving average is C$5.71 and its 200-day moving average is C$5.71. The company has a current ratio of 0.05, a quick ratio of 0.03 and a debt-to-equity ratio of 276.45. Melcor Real Estate Investment Trust has a 12 month low of C$5.00 and a 12 month high of C$7.69.
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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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