Should I buy or sell Melcor Real Estate Investment Trust stock right now?

2 Wall Street 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 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. View MR.UN analyst ratings or view top-rated stocks .

What is Melcor Real Estate Investment Trust's stock price target for 2024?

2 Wall Street analysts have issued twelve-month price objectives for Melcor Real Estate Investment Trust's shares. Their MR.UN share price targets range from C$3.25 to C$3.25. On average, they predict the company's stock price to reach C$3.25 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price. View analysts price targets for MR.UN or view top-rated stocks among Wall Street analysts .

How have MR.UN shares performed in 2024?

Melcor Real Estate Investment Trust's stock was trading at C$4.15 at the beginning of 2024. Since then, MR.UN stock has decreased by 28.9% and is now trading at C$2.95. View the best growth stocks for 2024 here .

Is Melcor Real Estate Investment Trust a good dividend stock?

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 15.34%. 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 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for MR.UN .

How do I buy shares of Melcor Real Estate Investment Trust?

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. Compare Top Brokerages Here .

TSE:MR.UN

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

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C$2.95

+0.02 (+0.68%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$2.90
▼
C$2.99
50-Day Range: C$2.39
▼
C$4.15
52-Week Range: C$2.19
▼
C$5.26

Volume: 3,260 shs
Average Volume: 29,050 shs
Market Capitalization: C$38.23 million

P/E Ratio: 49.17
Dividend Yield: 16.27%
Price Target: C$3.25

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

Get Melcor Real Estate Investment Trust alerts:

Melcor Real Estate Investment Trust MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 10.2% Upside
C$3.25 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.14 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
Melcor Real Estate Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Melcor Real Estate Investment Trust has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MR.UN.

1.7

Dividend Strength

Dividend Leadership
Melcor Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 15.34%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Melcor Real Estate Investment Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Melcor Real Estate Investment Trust is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MR.UN.

2.6

News and Social Media Coverage

News Sentiment
Melcor Real Estate Investment Trust has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Melcor Real Estate Investment Trust this week, compared to 0 articles on an average week.
MarketBeat Follows
1 people have added Melcor Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Melcor Real Estate Investment Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.29% of the stock of Melcor Real Estate Investment Trust is held by insiders.
Percentage Held by Institutions
Only 2.37% of the stock of Melcor Real Estate Investment Trust is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Melcor Real Estate Investment Trust is 49.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Melcor Real Estate Investment Trust is 49.17, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 209.20.
Price to Book Value per Share Ratio
Melcor Real Estate Investment Trust has a P/B Ratio of 0.19. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Melcor Real Estate Investment Trust Stock (TSE:MR.UN)

Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

MR.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MR.UN Stock News Headlines

April 19, 2024 | americanbankingnews.com

Melcor Real Estate Investment Trust (TSE:MR.UN) Share Price Passes Below 200 Day Moving Average of $3.80

April 16, 2024 | markets.businessinsider.com

Melcor REIT announces appointment of Barry James and Brandon Kot as Melcor REIT Trustees and provides strategic review update

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April 11, 2024 | americanbankingnews.com

Melcor Real Estate Investment Trust (TSE:MR.UN) Stock Price Crosses Below Two Hundred Day Moving Average of $3.86

March 28, 2024 | wsj.com

Melcor Real Estate Investment Trust

March 13, 2024 | markets.businessinsider.com

FC Private Equity Realty Management Corp. Sends Letter to Melcor REIT:

February 29, 2024 | morningstar.com

Melcor Real Estate Investment Trust MR.UN

February 23, 2024 | finanznachrichten.de

Melcor Real Estate Investment Trust: Melcor REIT Announces Commencement of Strategic Review Process and Suspension of Distribution

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February 22, 2024 | msn.com

Real Estate Investors Reevaluate Investment Strategy In Response to Trump’s Fraud Trial

February 6, 2024 | finance.yahoo.com

Larry Pollock and Carolyn Graham resign as Melcor REIT Trustees

December 16, 2023 | finance.yahoo.com

Melcor Real Estate Investment Trust's (TSE:MR.UN) earnings trajectory could turn positive as the stock pops 15% this past week

November 17, 2023 | msn.com

We’re seeing the rare moment in investment when Mr Market is handing out something for nothing

November 2, 2023 | markets.businessinsider.com

Melcor REIT announces third quarter 2023 results

October 17, 2023 | msn.com

Melcor Real Estate Investment Trust declares CAD 0.04 dividend

October 13, 2023 | theglobeandmail.com

Melcor REIT: Top 10 Undervalued REITs Industry Stocks (MR-UN)

September 15, 2023 | financialpost.com

Melcor REIT announces September distribution of $0.04 per unit

August 15, 2023 | finance.yahoo.com

Melcor REIT announces August distribution of $0.04 per unit

July 27, 2023 | financialpost.com

Melcor REIT announces delay in filing its Q2 financial statements on SEDAR +

July 17, 2023 | markets.businessinsider.com

Raymond James Thinks European Commercial Real Estate Ltd’s Stock is Going to Recover

July 17, 2023 | msn.com

Melcor Real Estate Investment Trust declares $0.04 dividend

July 9, 2023 | finance.yahoo.com

The past five years for Melcor Real Estate Investment Trust (TSE:MR.UN) investors has not been profitable

May 3, 2023 | msn.com

Melcor Real Estate Investment Trust FFO of $0.21 beats by $0.01, revenue of $18.99M

April 27, 2023 | theglobeandmail.com

Closing Bell: Melcor REIT up on Wednesday (MR-UN)

April 26, 2023 | theglobeandmail.com

Closing Bell: Melcor REIT down on Tuesday (MR-UN)

April 14, 2023 | finance.yahoo.com

Melcor REIT announces April, May & June distributions of $0.04 per unit

April 11, 2023 | theglobeandmail.com

Closing Bell: Melcor REIT down on Monday (MR-UN)

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Diversified
Sub-Industry: N/A
Current Symbol: TSE:MR.UN
CUSIP: N/A
CIK: N/A
Web: www.melcorreit.ca
Phone: +1-780-4236931
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$3.25
High Stock Price Target: C$3.25
Low Stock Price Target: C$3.25
Potential Upside/Downside: +10.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.06
Trailing P/E Ratio: 49.17
Forward P/E Ratio: 4.29
P/E Growth: N/A
Net Income: C$16.31 million
Net Margins: 22.07%
Pretax Margin: N/A
Return on Equity: 8.40%
Return on Assets: 3.45%

Debt

Debt-to-Equity Ratio: 243.65
Current Ratio: 0.26
Quick Ratio: 0.03

Sales & Book Value

Annual Sales: C$73.90 million
Price / Sales: 0.52
Cash Flow: C$0.11 per share
Price / Cash Flow: 25.89
Book Value: C$15.37 per share
Price / Book: 0.19

Miscellaneous

Outstanding Shares: 12,960,000
Free Float: N/A
Market Cap: C$38.23 million
Optionable: Not Optionable
Beta: 2.06

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Key Executives

Mr. Andrew John Melton
Pres, CEO & Trustee
Ms. Naomi Marie Stefura C.A.
CA, CFO & Corp. Sec.
Ms. Nicole Forsythe
Director of Corp. Communications & Investor Relations

Key Competitors

View All Competitors

MR.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Melcor Real Estate Investment Trust stock right now?: 2 Wall Street 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 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.
View MR.UN analyst ratings or view top-rated stocks.
What is Melcor Real Estate Investment Trust's stock price target for 2024?: 2 Wall Street analysts have issued twelve-month price objectives for Melcor Real Estate Investment Trust's shares. Their MR.UN share price targets range from C$3.25 to C$3.25. On average, they predict the company's stock price to reach C$3.25 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
View analysts price targets for MR.UN or view top-rated stocks among Wall Street analysts.
How have MR.UN shares performed in 2024?: Melcor Real Estate Investment Trust's stock was trading at C$4.15 at the beginning of 2024. Since then, MR.UN stock has decreased by 28.9% and is now trading at C$2.95.
View the best growth stocks for 2024 here.

Is Melcor Real Estate Investment Trust a good dividend stock?: 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 15.34%. 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 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for MR.UN.
How do I buy shares of Melcor Real Estate Investment Trust?: 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.
Compare Top Brokerages Here.

This page (TSE:MR.UN) was last updated on 4/19/2024 by MarketBeat.com Staff

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

Melcor Real Estate Investment Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Melcor Real Estate Investment Trust Stock (TSE:MR.UN)

MR.UN Stock Price History

MR.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MR.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™