Morguard Real Estate Inv. (TSE:MRT.UN) Price Target Cut to C$15.50 by Analysts at TD Securities
Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective reduced by analysts at TD Securities from C$16.50 to C$15.50 in a research report issued on Friday. The firm currently has a “hold” rating on the stock.
Separately, Scotiabank reiterated a “sector perform” rating and issued a C$16.00 target price on shares of Morguard Real Estate Inv. in a research note on Thursday, May 4th.
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Morguard Real Estate Inv. Company Profile
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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