Morguard Real Estate Inv. (TSE:MRT.UN) Hits New 52-Week High – Here’s What Happened

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.45 and last traded at C$6.36, with a volume of 14575 shares. The stock had previously closed at C$6.30.

Analysts Set New Price Targets

MRT.UN has been the topic of several research reports. TD Securities increased their price target on shares of Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the stock a “hold” rating in a report on Monday, November 3rd. Royal Bank Of Canada boosted their target price on shares of 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$5.75.

Check Out Our Latest Stock 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 firm’s fifty day moving average price is C$6.08 and its two-hundred day moving average price is C$5.89. The stock has a market capitalization of C$417.84 million, a PE ratio of -9.22 and a beta of 0.20.

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$57.69 million for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. As a group, equities research analysts forecast that Morguard Real Estate Inv. will post 0.780083 EPS for the current year.

Morguard Real Estate Inv. Company Profile

(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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