Melcor Real Estate Investment Trust (TSE:MR.UN) Shares Pass Below 200-Day Moving Average of $5.69

Melcor Real Estate Investment Trust (TSE:MR.UN – Get Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.69 and traded as low as C$5.44. Melcor Real Estate Investment Trust shares last traded at C$5.46, with a volume of 3,400 shares changing hands.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their target price on shares of Melcor Real Estate Investment Trust from C$6.25 to C$6.00 and set a “neutral” rating for the company in a report on Friday, March 10th.

Melcor Real Estate Investment Trust Trading Down 0.4 %

The business’s 50-day moving average price is C$5.71 and its 200 day moving average price is C$5.69. The company has a debt-to-equity ratio of 278.17, a current ratio of 0.21 and a quick ratio of 0.03. The firm has a market capitalization of C$70.76 million, a price-to-earnings ratio of 5.10 and a beta of 2.02.

About Melcor Real Estate Investment Trust

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Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.