Melcor Real Estate Investment Trust (TSE:MR.UN) Shares Cross Below 200-Day Moving Average of $5.44

Melcor Real Estate Investment Trust (TSE:MR.UN – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.44 and traded as low as C$4.69. Melcor Real Estate Investment Trust shares last traded at C$4.72, with a volume of 3,676 shares changing hands.

Wall Street Analysts Forecast Growth

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

Melcor Real Estate Investment Trust Trading Up 0.9 %

The company has a current ratio of 0.06, a quick ratio of 0.03 and a debt-to-equity ratio of 263.66. The company has a 50-day simple moving average of C$5.12 and a 200 day simple moving average of C$5.44. The firm has a market cap of C$61.17 million, a PE ratio of 4.00 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.