Morguard Real Estate Inv. (TSE:MRT.UN) Sets New 1-Year High – Still a Buy?

Morguard Real Estate Inv. (TSE:MRT.UN) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$7.30 and last traded at C$7.00, with a volume of 303360 shares traded. The stock had previously closed at C$6.80.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Morguard Real Estate Inv. currently has an average rating of “Hold” and a consensus price target of C$6.00.

Morguard Real Estate Inv. Price Performance

The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. The company has a 50-day moving average of C$6.75 and a 200-day moving average of C$6.59. The firm has a market capitalization of C$469.44 million, a price-to-earnings ratio of 351.50 and a beta of 0.01.

Morguard Real Estate Inv. (TSE:MRT.UN) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.09 earnings per share 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 firm had revenue of C$60.05 million for the quarter. As a group, research analysts anticipate that Morguard Real Estate Inv. will post 0.780083 EPS 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.