LB Securities Downgrades Morguard Real Estate Inv. to Hold (MRT.UN)
Morguard Real Estate Inv. (TSE:MRT.UN) was downgraded by equities research analysts at LB Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, AR Network reports. The analysts noted that the move was a valuation call.
The company also recently announced a Monthly dividend, which is scheduled for Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.0729 per share. This represents a dividend yield of 5.71%. The ex-dividend date is Monday, April 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Morguard Real Estate Inv. in a research note on Thursday. They now have a C$18.00 price target on the stock. Analysts at RBC Capital initiated coverage on shares of Morguard Real Estate Inv. in a research note on Tuesday, April 22nd. They set an “outperform” rating on the stock.
Morguard Real Estate Investment Trust (TSE:MRT) is an unincorporated close-ended real estate investment trust.
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