TD Cuts Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Price Target to C$23.00

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its target price trimmed by TD from C$24.00 to C$23.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Morguard North American Residential Real Estate Investment Trust Stock Performance

Shares of TSE MRG.UN opened at C$16.79 on Wednesday. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. The stock’s fifty day moving average price is C$17.56 and its two-hundred day moving average price is C$17.63. Morguard North American Residential Real Estate Investment Trust has a one year low of C$16.31 and a one year high of C$19.20. The firm has a market cap of C$875.77 million, a price-to-earnings ratio of 10.33 and a beta of 0.91.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$0.80 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$88.17 million for the quarter. On average, equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current 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.