Melcor Real Estate Investment Trust (MR.UN) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Melcor Real Estate Investment Trust in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MR.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MR.UN, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 12 month price objectives for Melcor Real Estate Investment Trust's stock. Their MR.UN share price forecasts range from C$6.00 to C$6.00. On average, they expect the company's share price to reach C$6.00 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price.
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Melcor Real Estate Investment Trust's stock was trading at C$5.53 on January 1st, 2023. Since then, MR.UN stock has decreased by 13.4% and is now trading at C$4.79.
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Melcor Real Estate Investment Trust (TSE:MR.UN) pays an annual dividend of C$0.48 per share and currently has a dividend yield of 10.21%. MR.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MR.UN.

Melcor Real Estate Investment Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MR.UN."

Shares of MR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of MR.UN stock can currently be purchased for approximately C$4.79.

Melcor Real Estate Investment Trust (TSE:MR.UN) has a market capitalization of C$62.08 million and generates C$74.13 million in revenue each year. The company earns C$39.80 million in net income (profit) each year or C$1.18 on an earnings per share basis.

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