Melcor Real Estate Investment Trust (MR.UN) PT Raised to C$9.50

Melcor Real Estate Investment Trust (TSE:MR.UN) had its price target lifted by equities research analysts at National Bank Financial from C$9.00 to C$9.50 in a note issued to investors on Friday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 6.03% from the company’s previous close.

Melcor Real Estate Investment Trust (TSE MR.UN) opened at C$8.96 on Friday. Melcor Real Estate Investment Trust has a 52 week low of C$8.17 and a 52 week high of C$9.34.

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About Melcor Real Estate Investment Trust

Melcor Real Estate Investment Trust (REIT) is a Canada-based open-ended real estate investment trust. The objectives of the REIT are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations (AFFO) per Unit, primarily through acquisitions and improvement of its properties, including the Initial Properties, through targeted and strategically deployed capital expenditures.

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