Melcor Real Estate Investment Trust (MR.UN) Given New C$8.00 Price Target at Desjardins

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Melcor Real Estate Investment Trust (TSE:MR.UN) had its target price lowered by Desjardins from C$8.25 to C$8.00 in a research report released on Tuesday morning.

Separately, BMO Capital Markets restated a market perform rating and set a C$7.50 target price on shares of Melcor Real Estate Investment Trust in a research report on Monday, February 11th.

Shares of TSE MR.UN opened at C$7.49 on Tuesday. Melcor Real Estate Investment Trust has a 1 year low of C$7.77 and a 1 year high of C$9.34.

Melcor Real Estate Investment Trust Company Profile

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 36 properties representing approximately 2.84 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

See Also: Net Asset Value

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