Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Hits New 12-Month Low – Should You Sell?

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 Wednesday . The company traded as low as C$16.11 and last traded at C$16.15, with a volume of 14180 shares trading hands. The stock had previously closed at C$16.65.

Analysts Set New Price Targets

MRG.UN has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their target price on Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. TD dropped their target price on Morguard North American Residential Real Estate Investment Trust from C$24.00 to C$23.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Morguard North American Residential Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$22.25.

Morguard North American Residential Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The firm’s fifty day moving average price is C$16.88 and its 200-day moving average price is C$17.43. The stock has a market cap of C$841.47 million, a P/E ratio of 9.93 and a beta of 0.97.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.66 EPS 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 company had revenue of C$87.21 million during the quarter. Analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share 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.