Morguard Real Estate Inv. (MRT.UN) Price Target Cut to C$15.00 by Analysts at BMO Capital Markets

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective lowered by BMO Capital Markets from C$15.25 to C$15.00 in a research note released on Friday.

A number of other equities research analysts have also commented on the company. Scotiabank lowered their price target on Morguard Real Estate Inv. from C$16.00 to C$15.00 and set a sector perform rating for the company in a research report on Monday, August 14th. TD Securities lowered their price target on Morguard Real Estate Inv. from C$16.50 to C$15.50 and set a hold rating for the company in a research report on Friday, August 4th. Finally, Royal Bank Of Canada decreased their target price on Morguard Real Estate Inv. from C$16.00 to C$15.00 and set a sector perform rating for the company in a research report on Wednesday, August 9th.

Morguard Real Estate Inv. (TSE:MRT.UN) traded down C$0.12 during midday trading on Friday, reaching C$13.91. The company had a trading volume of 65,941 shares, compared to its average volume of 20,972. 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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