A Wall Street analyst has provided a review for the Financial company yesterday, but retained the same rating on the stock. Analyst Kyle Stanley from Desjardins remains neutral on Melcor REIT (MR.UN) and has a C$8 price target.
Currently, the analyst consensus on Melcor REIT is a Hold with an average price target of C$7.50.
Based on Melcor REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$3.1 million. In comparison, last year the company had a net profit of C$11.72 million.
Melcor Real Estate Investment Trust engages in acquiring, managing, and leasing of income-producing properties. Its portfolio include office, retail, and industrial properties in Western Canada. The company was founded on January 25, 2013 and is headquartered in Edmonton, CA.
The company’s shares closed on Monday at C$7.51.
