Morguard Real Estate Inv. (TSE:MRT.UN) Sets New 52-Week High – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.40 and last traded at C$6.38, with a volume of 33812 shares traded. The stock had previously closed at C$6.27.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MRT.UN. TD Securities lifted their target price on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research report on Monday, November 3rd. Royal Bank Of Canada raised their price objective on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$5.75.

Read Our Latest Research Report on MRT.UN

Morguard Real Estate Inv. Trading Up 1.8%

The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The business’s fifty day moving average is C$5.91 and its two-hundred day moving average is C$5.81. The firm has a market cap of C$419.15 million, a price-to-earnings ratio of -9.25 and a beta of 0.15.

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