Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Hits New 12-Month Low – What’s Next?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$16.31 and last traded at C$16.49, with a volume of 2373 shares changing hands. The stock had previously closed at C$16.35.

Analysts Set New Price Targets

MRG.UN has been the topic of several recent research reports. TD decreased their price target on Morguard North American Residential Real Estate Investment Trust from C$24.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada decreased their price target on Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$22.25.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The firm has a fifty day moving average of C$17.12 and a 200-day moving average of C$17.54. The firm has a market cap of C$867.55 million, a P/E ratio of 10.23 and a beta of 0.94. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last issued its earnings results on Tuesday, April 28th. The company reported C$1.07 earnings per share (EPS) for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%.The firm had revenue of C$86.47 million for the quarter. Research analysts predict that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current fiscal year.

Morguard North American Residential Real Estate Investment Trust Company Profile

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.