Morguard Real Estate Inv. (MRT.UN) Price Target Lowered to C$14.50 at Royal Bank Of Canada

Morguard Real Estate Inv. (TSE:MRT.UN) had its price target lowered by Royal Bank Of Canada from C$15.00 to C$14.50 in a research note issued to investors on Friday, November 3rd.

A number of other brokerages have also issued reports on MRT.UN. TD Securities cut their price target on shares of Morguard Real Estate Inv. from C$16.50 to C$15.50 and set a hold rating on the stock in a report on Friday, August 4th. BMO Capital Markets cut their price target on shares of Morguard Real Estate Inv. from C$16.85 to C$15.25 and set a market perform rating on the stock in a report on Wednesday, August 9th. Finally, Scotiabank cut their price target on shares of Morguard Real Estate Inv. from C$16.00 to C$15.00 and set a sector perform rating on the stock in a report on Monday, August 14th.

Morguard Real Estate Inv. (MRT.UN) opened at C$13.90 on Friday. Morguard Real Estate Inv. has a twelve month low of C$13.42 and a twelve month high of C$16.00.

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Morguard Real Estate Inv. Company Profile

Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end trust. The Trust’s objective is to accumulate a Canadian portfolio of real estate assets and then manage the portfolio to generate steady, dependable returns to unitholders. It owns a real estate portfolio of approximately 50 commercial properties consisting of approximately nine million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

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