Morguard Real Estate Inv. (MRT.UN) Hits New 12-Month Low at $10.98

Morguard Real Estate Inv. (TSE:MRT.UN) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$10.98 and last traded at C$11.01, with a volume of 13493 shares changing hands. The stock had previously closed at C$11.20.

A number of research analysts recently issued reports on MRT.UN shares. CIBC reduced their price objective on Morguard Real Estate Inv. from C$13.50 to C$13.00 in a research report on Friday, November 2nd. Royal Bank of Canada reduced their price objective on Morguard Real Estate Inv. from C$13.50 to C$12.00 and set a “sector perform” rating for the company in a research report on Friday, November 2nd. Finally, TD Securities reduced their price objective on Morguard Real Estate Inv. from C$14.00 to C$13.00 in a research report on Friday, November 2nd.

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About Morguard Real Estate Inv. (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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