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

Today, shares of Melcor REIT opened at $3.02 and closed at $3.00. prices ranged from a low of $2.98 to a high of $3.02.

The price decreased -0.66 percent from the previous day's close of $3.02.

During the day across North America, the TSX Composite closed -0.14% at 22608.03, the S&P 500 closed -2.31% at 5427.13, the Dow Jones Industrial Average closed -1.25% at 39853.87 and the Nasdaq Composite closed -3.64% at 17342.41.

Melcor REIT traded under MR-UN on the Toronto Stock Exchange (TSX).

A total of 30,977 shares was traded during the last trading day, with total trades of 31. On average, Melcor REIT has traded 15,481 shares over 5 days and 21,083 year-to-date.

Trading across the entire TSX saw 3,490 price advancers against 1,736 declines and 92 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 -36.84% in the last 52 weeks, while in 2024, they have shrunken -27.71%.

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 $39.15 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.

Based on 2.00 analysts, Melcor REIT gets an average recommendation of "Hold" 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..