Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 12-Month High – Time to Buy?

Morguard Real Estate Inv. (TSE:MRT.UN)’s share price hit a new 52-week high on Friday . The company traded as high as C$7.00 and last traded at C$6.81, with a volume of 37400 shares traded. The stock had previously closed at C$6.77.

Analysts Set New Price Targets

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

Morguard Real Estate Inv. Stock Performance

The company has a market capitalization of C$468.10 million, a P/E ratio of 350.50 and a beta of 0.03. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The company’s fifty day moving average is C$6.65 and its 200 day moving average is C$6.52.

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