TD Securities Cuts Morguard Real Estate Inv. (MRT.UN) Price Target to C$15.00

Morguard Real Estate Inv. (TSE:MRT.UN) had its price target lowered by TD Securities from C$15.50 to C$15.00 in a report published on Friday, November 3rd. The firm currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the company. Scotiabank dropped their target price on Morguard Real Estate Inv. from C$16.00 to C$15.00 and set a sector perform rating for the company in a research report on Monday, August 14th. BMO Capital Markets dropped their target price on Morguard Real Estate Inv. from C$16.85 to C$15.25 and set a market perform rating for the company in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada lowered their price objective on Morguard Real Estate Inv. from C$16.00 to C$15.00 and set a sector perform rating for the company in a research report on Wednesday, August 9th.

Shares of Morguard Real Estate Inv. (TSE MRT.UN) opened at C$13.90 on Friday. Morguard Real Estate Inv. has a one year low of C$13.53 and a one year high of C$16.00.

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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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