Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$15.19 and last traded at C$15.19, with a volume of 5256 shares. The stock had previously closed at C$15.27.
Analysts Set New Price Targets
Separately, TD boosted their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.67.
Morguard North American Residential Real Estate Investment Trust Stock Down 0.9%
Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share (EPS) for the quarter. The company had revenue of C$87.21 million 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%. Equities analysts expect that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current year.
About Morguard North American Residential Real Estate Investment Trust
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.
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