Morguard Real Estate Inv. (TSE:MRT.UN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.99 and traded as high as C$6.60. Morguard Real Estate Inv. shares last traded at C$6.39, with a volume of 5,878 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. TD Securities increased their price objective on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$5.75.

Morguard Real Estate Inv. Trading Down 3.2%

The company has a market cap of C$419.81 million, a PE ratio of -9.26 and a beta of 0.20. The stock has a 50 day moving average price of C$6.35 and a 200 day moving average price of C$5.99. 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. (TSE:MRT.UN) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.07 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. Sell-side analysts predict that Morguard Real Estate Inv. will post 0.780083 EPS for the current fiscal year.

Morguard Real Estate Inv. Company Profile

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.