Royal Bank of Canada Cuts Morguard Real Estate Inv. (MRT.UN) Price Target to C$12.00

Morguard Real Estate Inv. (TSE:MRT.UN) had its target price dropped by stock analysts at Royal Bank of Canada from C$13.50 to C$12.00 in a research note issued on Friday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 5.73% from the stock’s current price.

Several other analysts also recently weighed in on the company. CIBC decreased their price objective on Morguard Real Estate Inv. from C$13.50 to C$13.00 in a report on Friday. TD Securities reduced their target price on shares of Morguard Real Estate Inv. from C$14.00 to C$13.00 in a report on Friday.

MRT.UN stock opened at C$11.35 on Friday. Morguard Real Estate Inv. has a 1-year low of C$12.93 and a 1-year high of C$16.00.

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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