Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective reduced by Royal Bank of Canada from C$13.50 to C$12.00 in a research note released on Friday. They currently have a sector perform rating on the stock.
A number of other research analysts also recently weighed in on MRT.UN. CIBC lowered their price target on Morguard Real Estate Inv. from C$14.50 to C$14.00 in a report on Friday, August 3rd. TD Securities lowered their target price on Morguard Real Estate Inv. from C$14.50 to C$14.00 in a research note on Friday, August 3rd.
Shares of MRT.UN stock opened at C$11.35 on Friday. Morguard Real Estate Inv. has a 1-year low of C$12.93 and a 1-year high of C$16.00.
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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