Moelis & Company (MC) Reaches $50.30 52-Week High; Last Week Melcor Real Estate Investment Trust (TSE:MR.UN) Coverage

January 12, 2018 - By Nellie Frank

Among 6 analysts covering Melcor Reit (TSE:MR.UN), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Melcor Reit had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, August 11 by Desjardins Securities. National Bank Canada maintained the shares of MR.UN in report on Friday, December 22 with “Sector Perform” rating. See Melcor Real Estate Investment Trust (TSE:MR.UN) latest ratings:

22/12/2017 Broker: National Bank Canada Rating: Sector Perform New Target: $9.50 Maintain

The stock of Moelis & Company (NYSE:MC) hit a new 52-week high and has $53.82 target or 7.00% above today’s $50.30 share price. The 6 months bullish chart indicates low risk for the $2.81 billion company. The 1-year high was reported on Jan, 12 by Barchart.com. If the $53.82 price target is reached, the company will be worth $196.91M more. The stock increased 1.41% or $0.7 during the last trading session, reaching $50.3. About 167,816 shares traded. Moelis & Company (NYSE:MC) has risen 40.93% since January 12, 2017 and is uptrending. It has outperformed by 24.23% the S&P500.

Melcor Real Estate Investment Trust is a current investment arm of Melcor Developments Ltd. The company has market cap of $219.28 million. Melcor Real Estate Investment Trust focuses on the acquisition, owning, and management of retail, office, and industrial properties in Western Canada. It currently has negative earnings. The Company’s property portfolio consists of 27 properties with approximately 1.57 million owned square feet of gross leasable area.

It closed at $8.51 lastly. It is up 0.00% since January 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Moelis & Company provides strategic and financial advisory services in the United States and internationally. The company has market cap of $2.81 billion. The firm advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. It has a 24.16 P/E ratio. Moelis & Company offers its services to public multinational firms, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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