Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Reaches New 12-Month Low – Here’s What Happened

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$14.71 and last traded at C$14.71, with a volume of 4682 shares. The stock had previously closed at C$14.86.

Wall Street Analysts Forecast Growth

Separately, TD upped their target price on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Morguard North American Residential Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of C$22.67.

Morguard North American Residential Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. The stock has a fifty day simple moving average of C$16.00 and a 200-day simple moving average of C$16.67. The company has a market capitalization of C$768.61 million, a price-to-earnings ratio of 12.09 and a beta of 0.94.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share for the quarter. Morguard North American Residential Real Estate Investment Trust had a net margin of 40.48% and a return on equity of 6.98%. The firm had revenue of C$87.21 million during the quarter. On average, equities research analysts anticipate that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current year.

Morguard North American Residential Real Estate Investment Trust Company Profile

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.