Melcor Real Estate Investment Trust (TSE:MR.UN) Stock Price Crosses Below 200-Day Moving Average of $5.83

Melcor Real Estate Investment Trust (TSE:MR.UNGet Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.83 and traded as low as C$5.71. Melcor Real Estate Investment Trust shares last traded at C$5.71, with a volume of 14,289 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on MR.UN. Royal Bank of Canada cut their price target on Melcor Real Estate Investment Trust from C$6.50 to C$6.00 and set a “sector perform” rating for the company in a report on Monday, November 7th. CIBC cut their target price on 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.

Melcor Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$74.15 million and a PE ratio of 5.35. The stock has a fifty day moving average of C$5.53 and a 200-day moving average of C$5.83. The company has a quick ratio of 0.03, a current ratio of 0.05 and a debt-to-equity ratio of 276.45.

About Melcor Real Estate Investment Trust

(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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