Melcor Real Estate Investment Trust (TSE:MR.UN) had its price objective hoisted by National Bank Financial from C$9.00 to C$9.50 in a research report report published on Friday. The brokerage currently has a sector perform rating on the stock.

Shares of Melcor Real Estate Investment Trust (TSE:MR.UN) opened at C$8.94 on Friday. Melcor Real Estate Investment Trust has a twelve month low of C$8.17 and a twelve month high of C$9.34.

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The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 15th will be issued a dividend of $0.0563 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date of this dividend is Wednesday, November 29th.

Melcor Real Estate Investment Trust Company Profile

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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