Morguard Real Estate Inv. (TSE:MRT.UN) Given New C$6.50 Price Target at TD

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective lifted by TD from C$6.00 to C$6.50 in a research report report published on Friday morning,BayStreet.CA reports. TD currently has a hold rating on the stock.

Separately, Royal Bank Of Canada boosted their target price 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 report on Monday, May 4th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$6.17.

Morguard Real Estate Inv. Trading Down 2.0%

Shares of TSE:MRT.UN opened at C$6.81 on Friday. The company has a market capitalization of C$454.74 million, a PE ratio of 85.12 and a beta of 0.01. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a 12-month low of C$5.59 and a 12-month high of C$7.37. The business’s fifty day simple moving average is C$6.88 and its 200-day simple moving average is C$6.65.

Morguard Real Estate Inv. (TSE:MRT.UN) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.09 earnings per share for the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%.The firm had revenue of C$60.05 million during the quarter. As a group, equities research analysts predict that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal year.

Morguard Real Estate Inv. Company Profile

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8 million square feet of leasable space.