Shares of Morguard Real Estate Inv. (TSE:MRT.UN) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm. Four analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have covered the stock in the last year is C$16.48.

Several equities analysts have recently commented on MRT.UN shares. CIBC boosted their price objective on Morguard Real Estate Inv. from C$16.00 to C$16.25 in a research report on Saturday, August 6th. BMO Capital Markets boosted their price objective on Morguard Real Estate Inv. from C$16.25 to C$17.85 in a research report on Monday, August 8th. TD Securities boosted their price objective on Morguard Real Estate Inv. from C$16.50 to C$17.00 and gave the company a “hold” rating in a research report on Monday, August 8th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$16.50 target price on shares of Morguard Real Estate Inv. in a report on Wednesday, August 10th.

About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust is a closed-end trust listed on the Toronto Stock Exchange (TSX) under the symbol MRT.UN. The Trust had total assets of $2.9 billion as at June 30, 2016. The Trust owns a diversified real estate portfolio of 49 commercial properties consisting of approximately 8.7 million square feet of gross leasable area located in six provinces.

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