Morguard Real Estate Inv. (TSE:MRT.UN – Get 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
Morguard Real Estate Inv. (TSE:MRT.UN – Get 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
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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