TSE:MR.UN - Melcor Real Estate Investment Trust Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$7.17
  • Forecasted Upside: 4.78 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$6.84
▲ +0.02 (0.29%)

This chart shows the closing price for MR.UN by one month, three months, or twelve months.

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Analyst Price Target for MR.UN

Analyst Price Target is C$7.17
▲ +4.78% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Melcor Real Estate Investment Trust in the last 3 months. The average price target is C$7.17, with a high forecast of C$7.25 and a low forecast of C$7.00. The average price target represents a 4.78% upside from the last price of C$6.84.

This chart shows the closing price for MR.UN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 investment analysts is to hold stock in Melcor Real Estate Investment Trust.

Past Monthly Recommendations

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  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/28/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/27/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/25/2020
  • 0 strong buy ratings
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  • 1 hold ratings
  • 0 sell ratings
1/23/2021
  • 0 strong buy ratings
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  • 1 hold ratings
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4/23/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/22/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/20/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/20/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
7/30/2021BMO Capital MarketsBoost Price TargetC$6.50 ➝ C$7.00
7/29/2021Royal Bank of CanadaReiterated RatingSector PerformC$7.25
7/6/2021CIBCInitiated CoverageOutperformC$7.25
5/12/2021Royal Bank of CanadaBoost Price TargetOutperformC$5.50 ➝ C$7.25
5/7/2021BMO Capital MarketsBoost Price TargetMarket PerformC$5.50 ➝ C$6.50
3/10/2021Royal Bank of CanadaBoost Price TargetSector PerformC$5.00 ➝ C$5.50
3/8/2021BMO Capital MarketsBoost Price TargetC$4.85 ➝ C$5.50
12/14/2020BMO Capital MarketsBoost Price TargetC$4.50 ➝ C$4.85
6/1/2020Royal Bank of CanadaLower Price TargetSector PerformC$6.00 ➝ C$5.00
5/20/2020BMO Capital MarketsLower Price TargetC$6.00 ➝ C$4.50
5/19/2020CIBCLower Price TargetC$6.00 ➝ C$5.00
3/30/2020Royal Bank of CanadaLower Price TargetSector PerformC$8.00 ➝ C$6.00
3/24/2020CIBCLower Price TargetC$8.00 ➝ C$6.00
3/13/2019Royal Bank of CanadaLower Price TargetSector PerformC$8.50 ➝ C$8.00
3/12/2019DesjardinsLower Price TargetC$8.25 ➝ C$8.00
2/11/2019BMO Capital MarketsReiterated RatingMarket PerformC$7.50
8/2/2018Royal Bank of CanadaLower Price TargetSector PerformC$9.00 ➝ C$8.50
6/21/2018BMO Capital MarketsReiterated RatingMarket PerformC$8.50
5/7/2018DesjardinsLower Price TargetC$8.75 ➝ C$8.50
4/25/2018DesjardinsReiterated RatingHoldC$8.75
3/29/2018CIBCReiterated RatingNeutralC$8.50
3/7/2018Royal Bank of CanadaLower Price TargetSector PerformC$9.50 ➝ C$9.00
3/5/2018Canaccord GenuityLower Price TargetC$9.00 ➝ C$8.75
12/22/2017National Bank FinancialReiterated RatingSector PerformC$9.50
11/3/2017Royal Bank of CanadaBoost Price TargetSector PerformC$9.00 ➝ C$9.50
11/3/2017National Bank FinancialBoost Price TargetSector PerformC$9.00 ➝ C$9.50
(Data available from 10/20/2016 forward)

News Sentiment Rating

1.08 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

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  • 0 very positive mentions
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  • 0 negative mentions
  • 0 very negative mentions
3/24/2021
  • 0 very positive mentions
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4/23/2021
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5/23/2021
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6/22/2021
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7/22/2021
  • 1 very positive mentions
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8/21/2021
  • 0 very positive mentions
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9/20/2021
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/20/2021

Current Sentiment

  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

  • No positive mentions tracked during this time.
Melcor Real Estate Investment Trust logo
Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.
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Today's Range

Now: C$6.84
Low: C$6.76
High: C$6.84

50 Day Range

MA: C$6.77
Low: C$6.60
High: C$6.98

52 Week Range

Now: C$6.84
Low: C$3.62
High: C$7.31

Volume

1,390 shs

Average Volume

13,235 shs

Market Capitalization

C$89.27 million

P/E Ratio

N/A

Dividend Yield

7.04%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Melcor Real Estate Investment Trust?

The following sell-side analysts have issued stock ratings on Melcor Real Estate Investment Trust in the last year: BMO Capital Markets, CIBC, and Royal Bank of Canada.
View the latest analyst ratings for MR.UN.

What is the current price target for Melcor Real Estate Investment Trust?

3 Wall Street analysts have set twelve-month price targets for Melcor Real Estate Investment Trust in the last year. Their average twelve-month price target is C$7.17, suggesting a possible upside of 4.8%. Royal Bank of Canada has the highest price target set, predicting MR.UN will reach C$7.25 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of C$7.00 for Melcor Real Estate Investment Trust in the next year.
View the latest price targets for MR.UN.

What is the current consensus analyst rating for Melcor Real Estate Investment Trust?

Melcor Real Estate Investment Trust currently has 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MR.UN, but not buy more shares or sell existing shares.
View the latest ratings for MR.UN.

How do I contact Melcor Real Estate Investment Trust's investor relations team?

Melcor Real Estate Investment Trust's physical mailing address is 900-10310 Jasper Ave NW, EDMONTON, AB T5J 1Y8, Canada. The company's listed phone number is +1-780-4236931. The official website for Melcor Real Estate Investment Trust is www.melcorreit.ca.