Morguard Real Estate Inv. (MRT.UN) Price Target Cut to C$15.00

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective decreased by Royal Bank Of Canada from C$16.00 to C$15.00 in a research report sent to investors on Wednesday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on MRT.UN. TD Securities reduced their price objective on Morguard Real Estate Inv. from C$16.50 to C$15.50 and set a hold rating on the stock in a research report on Friday, August 4th. Scotiabank restated a sector perform rating and issued a C$16.00 price objective on shares of Morguard Real Estate Inv. in a research report on Thursday, May 4th.

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About Morguard Real Estate Inv.

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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