Morguard Real Estate Inv. (TSE:MRT.UN) Releases Earnings Results

Morguard Real Estate Inv. (TSE:MRT.UN) posted its earnings results on Wednesday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. The firm had revenue of C$60.37 million for the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%.

Morguard Real Estate Inv. Stock Performance

TSE MRT.UN opened at C$7.00 on Friday. 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 twelve month low of C$5.71 and a twelve month high of C$7.37. The stock has a 50-day moving average of C$7.05 and a 200 day moving average of C$6.77. The stock has a market capitalization of C$466.21 million, a price-to-earnings ratio of 87.50 and a beta of -0.01.

Analysts Set New Price Targets

Separately, TD lifted their target price on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “hold” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$6.17.

About Morguard Real Estate Inv.

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.