CIBC Trims Melcor Real Estate Investment Trust (TSE:MR.UN) Target Price to C$6.00

Melcor Real Estate Investment Trust (TSE:MR.UN) had its price objective cut by CIBC from C$8.00 to C$6.00 in a research report released on Tuesday morning, BayStreet.CA reports.

TSE MR.UN opened at C$3.05 on Tuesday. The firm’s fifty day moving average price is C$7.05 and its two-hundred day moving average price is C$7.73. The stock has a market cap of $40.32 million and a PE ratio of -76.25. Melcor Real Estate Investment Trust has a fifty-two week low of C$2.75 and a fifty-two week high of C$8.35. The company has a debt-to-equity ratio of 236.55, a quick ratio of 0.05 and a current ratio of 0.08.

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 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

See Also: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

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.