CIBC Trims Melcor Real Estate Investment Trust (TSE:MR.UN) Target Price to C$6.75

Melcor Real Estate Investment Trust (TSE:MR.UN – Get Rating) had its target price dropped by CIBC from C$7.25 to C$6.75 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 4.33% from the stock’s previous close.

Melcor Real Estate Investment Trust Price Performance

Shares of MR.UN opened at C$6.47 on Thursday. The firm has a market cap of C$83.87 million and a PE ratio of 53.92. The firm’s 50 day moving average price is C$6.46 and its 200 day moving average price is C$6.84. The company has a debt-to-equity ratio of 353.01, a quick ratio of 0.11 and a current ratio of 0.13. Melcor Real Estate Investment Trust has a twelve month low of C$5.97 and a twelve month high of C$7.69.

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.

Featured Stories

Receive News & Ratings for Melcor Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Melcor Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.