Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 52-Week High – Here’s What Happened

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$6.05 and last traded at C$6.05, with a volume of 4400 shares trading hands. The stock had previously closed at C$6.05.

Analyst Ratings Changes

MRT.UN has been the subject of several recent analyst reports. TD Securities upped their target price on shares of Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the company a “hold” rating in a research note on Monday, November 3rd. Royal Bank Of Canada boosted their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$5.75.

Read Our Latest Analysis on MRT.UN

Morguard Real Estate Inv. Stock Up 0.3%

The firm’s 50 day moving average price is C$5.89 and its two-hundred day moving average price is C$5.81. The company has a market cap of C$404.04 million, a P/E ratio of -8.91 and a beta of 0.15. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08.

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report) last issued its earnings results on Wednesday, October 29th. The company reported C$0.07 earnings per share (EPS) for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. The business had revenue of C$57.69 million for the quarter. Equities research analysts anticipate that Morguard Real Estate Inv. will post 0.780083 EPS for the current fiscal year.

About Morguard Real Estate Inv.

(Get Free Report)

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.

Further Reading

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