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National Bank Financial announced Melcor Reit (TSE:MR.UN), bumping up its stock price target to $9.00 today

Boasting a price of $8.61, Melcor Reit (TSE:MR.UN) traded 0.00% even on the day. With the last stock price close up 0.00% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. MR.UN has recorded a 50-day moving average of $0.00 and two hundred day moving average of $0.00. Trade volume was held steady, with 0 shares of MR.UN changing hands on par with the typical 0 shares.

National Bank Financial upped the estimated target of Melcor Reit (TSE:MR.UN) to $9, reporting a possible upside of 0.05%,

Previously on 5/9/2016, CIBC World Markets reported on Melcor Reit(TSE:MR.UN) bumped the target price from $8.25 to $8.50 that indicated a possible upside of 0.03%.

See Graphic Below:

Melcor Reit (TSE:MR.UN)

Melcor Reit has a 52 week low of $0.00 and a 52 week high of $0.00 and has a total market value of $0.0.

More About Melcor Reit (TSE:MR.UN)

Melcor Real Estate Investment Trust (REIT) is a Canada-based open-ended real estate investment trust. The objectives of the REIT are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations (AFFO) per Unit, primarily through acquisitions and improvement of its properties, including the Initial Properties, through targeted and strategically deployed capital expenditures. The Company’s portfolio consists of properties located in western Canada, specifically in the metropolitan areas of Edmonton, Calgary, Lethbridge and Red Deer, Alberta; Regina, Saskatchewan, and Kelowna, British Columbia. It is engaged in acquiring, owning and managing office, and retail and industrial properties in select markets across Western Canada. The Company is managed by Melcor Developments Ltd.

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