Melcor Real Estate Investment Trust (MR.UN) Stock Rating Reaffirmed by National Bank Financial
Melcor Real Estate Investment Trust (TSE:MR.UN)‘s stock had its “sector perform” rating reaffirmed by investment analysts at National Bank Financial in a note issued to investors on Friday. They presently have a C$9.50 price target on the stock. National Bank Financial’s price objective points to a potential upside of 11.90% from the stock’s previous close.
Separately, Royal Bank of Canada upped their price target on Melcor Real Estate Investment Trust from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd.
Melcor Real Estate Investment Trust (TSE MR.UN) opened at C$8.49 on Friday. Melcor Real Estate Investment Trust has a 12-month low of C$8.17 and a 12-month high of C$9.34. The firm has a market capitalization of $94.67, a PE ratio of -9.76 and a beta of 0.42.
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About Melcor Real Estate Investment Trust
Melcor Real Estate Investment Trust (REIT) is a Canada-based open-ended real estate investment trust. The objectives of the REIT are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations (AFFO) per Unit, primarily through acquisitions and improvement of its properties, including the Initial Properties, through targeted and strategically deployed capital expenditures.
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