Morguard Real Estate Inv. (MRT.UN) Price Target Cut to C$13.00 by Analysts at CIBC

Morguard Real Estate Inv. (TSE:MRT.UN) had its price target cut by CIBC from C$13.50 to C$13.00 in a research report sent to investors on Friday.

Other equities research analysts have also issued research reports about the company. TD Securities lowered their target price on Morguard Real Estate Inv. from C$14.50 to C$14.00 in a research note on Friday, August 3rd. Royal Bank of Canada lowered their target price on Morguard Real Estate Inv. from C$14.00 to C$13.50 and set a sector perform rating for the company in a research note on Tuesday, August 7th.

Shares of TSE MRT.UN traded down C$0.23 during midday trading on Friday, reaching C$11.35. The company had a trading volume of 50,262 shares, compared to its average volume of 22,005. Morguard Real Estate Inv. has a one year low of C$12.93 and a one year high of C$16.00.

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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