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

Today, Melcor REIT shares closed at $2.90 after opening the day at $2.90. Intraday prices ranged from a low of $2.90 to a high of $2.91.

Shares slipped -1.36% from the previous day's close of $2.94.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -3.00% at 5186.33, the Dow Jones Industrial Average closed -2.60% at 38703.27 and the Nasdaq Composite closed -3.43% at 16200.08.

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

Trading volume was 14,400 on 5 total trades. On average, Melcor REIT has traded 13,356 shares in the last five days and 20,725 year-to-date.

The TSX overall saw 3,772 price advancers against 1,443 declines and 86 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 -40.21 percent in the last year, while they have shrunken -30.12% year-to-date.

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 $38.11 million on a float of 12,963 shares outstanding. Its annual EPS is $-0.01.

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

Melcor REIT is holding an average recommendation of "Hold" from 2.00 analysts according to Zacks. Currently, there are 2 hold ratings for the stock.

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