Morguard Real Estate Inv. (TSE:MRT.UN – Get 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%
Morguard Real Estate Inv. (TSE:MRT.UN – Get 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.
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.
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