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

Automated Summaries - The Globe and Mail - Thu Aug 1, 4:01PM CDT

Today, Melcor REIT shares closed at $3.00 after opening the day at $3.00. Intraday prices ranged from $2.98 to $3.00.

Share prices $verbed percentage_change percent from the previous day's close of $3.00.

Today across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

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

Trading volume was 12,010 on 17 total trades. On average, Melcor REIT has traded 10,148 shares in the last five days and 20,716 year-to-date.

The TSX market on the whole today saw 907 price advancers against 4,327 declines and 72 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 -36.31 percent in the last year, while this year, 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 $38.24 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 has an average recommendation of "Hold" based on 2.00 analysts according to Zacks. From those 2 analysts, 2 analysts gave hold ratings.

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..