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QQQ   423.41
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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 AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades

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.

1.30 out of 5 stars

See Top Rated MarketRank™ Stocks Here
MR.UN stock logo

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

MR.UN Stock News Headlines

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
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
April 18, 2024 | Crypto 101 Media (Ad)
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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
February 22, 2024 | msn.com
Real Estate Investors Reevaluate Investment Strategy In Response to Trump’s Fraud Trial
April 18, 2024 | Crypto 101 Media (Ad)
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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)
February 2, 2023 | financialpost.com
Melcor REIT sells office building in Kelowna, BC for $19.5 million
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 equities research analysts have issued "buy," "hold," and "sell" ratings for Melcor Real Estate Investment Trust in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities 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.
View MR.UN analyst ratings or view top-rated stocks.

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

2 brokers have issued twelve-month target prices for Melcor Real Estate Investment Trust's stock. Their MR.UN share price targets range from C$3.25 to C$3.25. On average, they anticipate the company's stock price to reach C$3.25 in the next year. 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 on January 1st, 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 4/18/2024 by MarketBeat.com Staff

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