Royal Bank Of Canada Raises Melcor Real Estate Investment Trust (MR.UN) Price Target to C$9.50
Melcor Real Estate Investment Trust (TSE:MR.UN) had its price objective boosted by research analysts at Royal Bank Of Canada from C$9.00 to C$9.50 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock.
Separately, National Bank Financial boosted their target price on shares of Melcor Real Estate Investment Trust from C$9.00 to C$9.50 and gave the company a “sector perform” rating in a research report on Friday.
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Melcor Real Estate Investment Trust Company Profile
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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