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

by · The Cerbat Gem

Shares of Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$7.00 and last traded at C$6.81, with a volume of 37400 shares. The stock had previously closed at C$6.77.

Analyst Ratings Changes

Separately, Royal Bank Of Canada increased 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 report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$6.00.

Check Out Our Latest Report on MRT.UN

Morguard Real Estate Inv. Stock Performance

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$6.64 and its 200 day moving average is C$6.52. The company has a market cap of C$454.74 million, a P/E ratio of 340.50 and a beta of 0.03.

Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) last posted 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 business had revenue of C$60.05 million during the quarter. As a group, equities analysts predict that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal year.

About Morguard Real Estate Inv.

(Get Free Report)

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.

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