Melcor Real Estate Investment Trust (TSE:MR.UN) had its target price hoisted by stock analysts at National Bank Financial from C$9.00 to C$9.50 in a research note issued on Friday. The brokerage currently has a “sector perform” rating on the stock.

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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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