Morguard Real Estate Inv. (TSE:MRT.UN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Morguard Real Estate Inv. (TSE:MRT.UN)’s share 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.

Analyst Ratings Changes

Several research firms have commented on MRT.UN. TD Securities upped their target price on shares of 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. Royal Bank Of Canada lifted their price target on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Morguard Real Estate Inv. currently has a consensus rating of “Hold” and a consensus price target of C$5.75.

Morguard Real Estate Inv. Stock Down 3.2%

The firm has a market cap of C$419.81 million, a price-to-earnings ratio of -9.26 and a beta of 0.20. The firm’s fifty day moving average is C$6.35 and its two-hundred day moving average is C$5.99. 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.UN) last released its earnings results on Wednesday, October 29th. The company reported C$0.07 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%. On average, sell-side analysts expect 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.