Melcor Real Estate Investment Trust (TSE:MR.UN) announced a monthly dividend on Monday, November 28th. Stockholders of record on Thursday, December 15th will be paid a dividend of 0.0563 per share on Thursday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, November 28th.

Dividend History for Melcor Real Estate Investment Trust (TSE:MR.UN)

Several equities analysts have recently weighed in on the stock. National Bank Financial raised their price target on shares of Melcor Real Estate Investment Trust from C$8.50 to C$9.00 in a research note on Monday, August 22nd. Desjardins reaffirmed a “hold” rating and set a C$8.75 price target on shares of Melcor Real Estate Investment Trust in a research note on Wednesday, August 10th. Royal Bank Of Canada raised their price target on shares of Melcor Real Estate Investment Trust from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, RBC Capital Markets raised their price target on shares of Melcor Real Estate Investment Trust from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th.

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About Melcor Real Estate Investment Trust

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.

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