Morguard Real Estate Inv. Plans Dividend of C$0.07 (MRT.UN)
Morguard Real Estate Inv. (TSE:MRT.UN) announced a dividend on Thursday, May 15th, AnalystRatings.Net reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.0736 per share on Friday, June 13th. The ex-dividend date is Wednesday, May 28th.
Several analysts have recently commented on the stock. Analysts at Laurentian downgraded shares of Morguard Real Estate Inv. from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. On a related note, analysts at LB Securities downgraded shares of Morguard Real Estate Inv. from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. They noted that the move was a valuation call. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Morguard Real Estate Inv. in a research note on Thursday, May 8th. They now have a C$18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$18.50.
Morguard Real Estate Investment Trust (TSE:MRT) is an unincorporated close-ended real estate investment trust.
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