Morguard Real Estate Inv. Receives Sector Perform Rating from Scotiabank (MRT.UN)
Morguard Real Estate Inv. (TSE:MRT.UN)‘s stock had its “sector perform” rating restated by equities researchers at Scotiabank in a research report issued on Wednesday. They currently have a C$18.00 price objective on the stock.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 15th will be given a dividend of $0.08 per share. This represents a yield of 5.29%. The ex-dividend date of this dividend is Tuesday, July 29th.
A number of other analysts have also recently weighed in on MRT.UN. Analysts at RBC Capital downgraded shares of Morguard Real Estate Inv. to a “sector perform” rating in a research note on Wednesday, June 25th. Separately, analysts at CIBC initiated coverage on shares of Morguard Real Estate Inv. in a research note on Friday, June 20th. They set a “sector performer” rating on the stock. Finally, 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. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of C$18.00.
Morguard Real Estate Investment Trust (TSE:MRT) is an unincorporated close-ended real estate investment trust.
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