Morguard Real Estate Inv. Announces Dividend of C$0.07 (MRT.UN)
Morguard Real Estate Inv. (TSE:MRT.UN) announced a dividend on Friday, August 15th, AmericanBankingNews.com reports. Investors of record on Friday, August 29th will be paid a dividend of 0.0733 per share on Monday, September 15th. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of research firms have recently commented on MRT.UN. Analysts at BMO Capital Markets raised their price target on shares of Morguard Real Estate Inv. from C$18.50 to C$19.25 in a research note on Monday, August 11th. They now have a “market perform” rating on the stock. On the ratings front, analysts at CIBC raised their price target on shares of Morguard Real Estate Inv. from C$19.00 to C$19.50 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Morguard Real Estate Inv. in a research note on Wednesday, August 6th. They now have a C$18.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$18.92.
Morguard Real Estate Investment Trust (TSE:MRT) is an unincorporated close-ended real estate investment trust.
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