Scotiabank reaffirmed their sector perform rating on shares of Morguard Real Estate Inv. (TSE:MRT.UN) in a report released on Wednesday. They currently have a C$16.50 price objective on the stock.

Several other equities research analysts also recently issued reports on MRT.UN. TD Securities increased their target price on Morguard Real Estate Inv. from C$16.50 to C$17.00 and gave the stock a hold rating in a research report on Monday, August 8th. CIBC increased their target price on Morguard Real Estate Inv. from C$16.00 to C$16.25 in a research report on Saturday, August 6th. Finally, BMO Capital Markets increased their target price on Morguard Real Estate Inv. from C$16.25 to C$17.85 in a research report on Monday, August 8th. Five analysts have rated the stock with a hold rating, Morguard Real Estate Inv. presently has an average rating of Hold and an average price target of C$16.22.

Morguard Real Estate Inv. Company Profile

Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end real estate investment trust. The Trust’s primary business is to accumulate a Canadian portfolio of real estate assets and then deliver the benefits of such real estate ownership to unitholders. The Trust holds a diversified real estate portfolio of approximately 50 retail, office and other properties consisting of approximately 8.8 million square feet of gross leasable area (GLA) located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

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