Royal Bank Of Canada Lowers Morguard Real Estate Inv. (TSE:MRT.UN) Price Target to C$15.00
Morguard Real Estate Inv. (TSE:MRT.UN) had its target price cut by equities researchers at Royal Bank Of Canada from C$16.00 to C$15.00 in a report released on Wednesday. The brokerage presently has a “sector perform” rating on the stock.
Several other research firms have also recently issued reports on MRT.UN. TD Securities lowered their price objective on Morguard Real Estate Inv. from C$16.50 to C$15.50 and set a “hold” rating for the company in a research report on Friday, August 4th. Scotiabank reaffirmed a “sector perform” rating and set a C$16.00 price objective on shares of Morguard Real Estate Inv. in a research report on Thursday, May 4th.
About Morguard Real Estate Inv.
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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