Morguard Real Estate Inv. (TSE:MRT.UN) had its target price upped by research analysts at TD Securities from C$16.00 to C$16.50 in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock.
Other analysts have also recently issued reports about the stock. CIBC decreased their price target on shares of Morguard Real Estate Inv. from C$16.25 to C$15.50 in a research note on Monday, November 7th. Scotiabank reissued a “sector perform” rating and set a C$16.00 price target on shares of Morguard Real Estate Inv. in a research note on Thursday. Five analysts have rated the stock with a hold rating, Morguard Real Estate Inv. has a consensus rating of “Hold” and a consensus target price of C$16.32.
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About Morguard Real Estate Inv.
Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end real estate investment trust. The Trust’s primary business is to accumulate a Canadian portfolio of real estate assets and then deliver the benefits of such real estate ownership to unitholders. The Trust holds a diversified real estate portfolio of approximately 50 retail, office and other properties consisting of approximately 8.8 million square feet of gross leasable area (GLA) located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
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