Morguard Real Estate Inv. (MRT.UN) Sets New 52-Week Low at $12.46

Morguard Real Estate Inv. (TSE:MRT.UN) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$12.46 and last traded at C$12.49, with a volume of 13224 shares changing hands. The stock had previously closed at C$12.49.

A number of research firms have weighed in on MRT.UN. TD Securities decreased their target price on shares of Morguard Real Estate Inv. from C$14.50 to C$14.00 in a research report on Friday, August 3rd. Royal Bank of Canada decreased their target price on shares of Morguard Real Estate Inv. from C$14.50 to C$14.00 and set a “sector perform” rating for the company in a research report on Friday, May 4th. CIBC decreased their target price on shares of Morguard Real Estate Inv. from C$14.50 to C$14.00 in a research report on Friday, August 3rd. BMO Capital Markets decreased their target price on shares of Morguard Real Estate Inv. from C$14.50 to C$14.00 in a research report on Thursday, June 21st. Finally, Scotiabank decreased their target price on shares of Morguard Real Estate Inv. from C$14.25 to C$14.00 and set a “sector perform” rating for the company in a research report on Friday, May 4th.

Morguard Real Estate Inv. Company Profile (TSE:MRT.UN)

Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end trust. The Trust’s objective is to accumulate a Canadian portfolio of real estate assets and then manage the portfolio to generate steady, dependable returns to unitholders. It owns a real estate portfolio of approximately 50 commercial properties consisting of approximately nine million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

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