Melcor Real Estate Investment Trust (TSE:MR.UN) had its price objective increased by analysts at National Bank Financial from C$9.00 to C$9.50 in a note issued to investors on Friday, November 3rd. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 7.83% from the company’s current price.
Shares of Melcor Real Estate Investment Trust (MR.UN) opened at C$8.82 on Friday. Melcor Real Estate Investment Trust has a one year low of C$8.17 and a one year high of C$9.34.
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Melcor Real Estate Investment Trust Company Profile
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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