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

In trading today, shares of Melcor REIT opened at $3.00 and closed at $2.97. prices ranged from a low of $2.97 to a high of $3.04.

Shares eased -1.00 percent from the previous day's close of $3.00.

During the day across North America, the TSX Composite closed 0.80% at 22872.65, the S&P 500 closed -0.71% at 5505.00, the Dow Jones Industrial Average closed -0.93% at 40287.53 and the Nasdaq Composite closed -0.81% at 17726.94.

Melcor REIT has listed on the Toronto Stock Exchange (TSX) under the ticker MR-UN.

A total of 12,200 shares was traded during the session, with total trades of 17. On average, Melcor REIT has traded 16,330 shares over the last 5-days and 21,079 year-to-date.

The TSX overall saw 3,734 price advancers against 1,480 declines and 101 unchanged.

During the prior 52 weeks, MR-UN.TO has traded as high as $5.05 (January 29,2024) and low as $2.19 (March 04,2024). Moreover, the shares have shrunken -37.61 percent in the last 52 weeks, while they have reduced -28.43% this year.

It announced a 0.04 dividend on January 15/24, with an January 30/24 ex-date and February 15/24 pay day.

Following today's trading, Melcor REIT has a market capitalization of $38.89 million on a float of 12,963 shares outstanding. Its annual EPS is $-0.17.

Melcor REIT is a TSX REIT company headquartered in Edmonton, CAN.

Currently, Melcor REIT's consensus rating is "Hold" based on 2 analysts according to Zacks. Currently, there are 2 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..