Morguard Real Estate Inv. (TSE:MRT.UN) Hits New 1-Year High – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$6.54 and last traded at C$6.54, with a volume of 7354 shares traded. The stock had previously closed at C$6.44.

Wall Street Analyst Weigh In

MRT.UN has been the subject of a number of recent research reports. TD Securities lifted their target price on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the company a “hold” rating in a report on Monday, November 3rd. Royal Bank Of Canada increased their price target on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$5.75.

Morguard Real Estate Inv. Stock Up 1.7%

The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The stock has a market cap of C$430.32 million, a PE ratio of -9.49 and a beta of 0.20. The firm has a fifty day moving average of C$6.15 and a 200 day moving average of C$5.92.

Morguard Real Estate Inv. (TSE:MRT.UN) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.07 earnings per share (EPS) 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 business had revenue of C$57.69 million during the quarter. On average, equities 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.