Morguard Real Estate Inv. (TSE:MRT.UN) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MRT.UN. Royal Bank Of Canada lifted 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 note on Monday, November 3rd. TD Securities boosted 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 report on Monday, November 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$5.75.

Get Our Latest Stock Report on MRT.UN

Morguard Real Estate Inv. Trading Up 0.9%

The company’s fifty day moving average is C$6.36 and its 200-day moving average is C$5.99. The stock has a market cap of C$428.49 million, a PE ratio of -9.35 and a beta of 0.20. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report) last announced its earnings results on Wednesday, October 29th. The company reported C$0.07 earnings per share 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. On average, analysts predict that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal year.

About Morguard Real Estate Inv.

(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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