Melcor Real Estate Investment Trust (MR.UN) Earns “Market Perform” Rating from BMO Capital Markets

Melcor Real Estate Investment Trust (TSE:MR.UN)‘s stock had its “market perform” rating reissued by equities researchers at BMO Capital Markets in a research report issued on Monday. They currently have a C$7.50 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 1.35% from the company’s previous close.

Shares of Melcor Real Estate Investment Trust stock opened at C$7.40 on Monday. Melcor Real Estate Investment Trust has a 12-month low of C$7.77 and a 12-month 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.

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