Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Reaches New 52-Week Low – Time to Sell?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as C$14.41 and last traded at C$14.49, with a volume of 29,478 shares traded. The stock had previously closed at C$14.61.

Wall Street Analysts Forecast Growth

Separately, TD boosted their target price on 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 report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.67.

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Morguard North American Residential Real Estate Investment Trust Stock 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 company’s 50 day moving average is C$15.40 and its 200-day moving average is C$16.39. The firm has a market capitalization of C$760.78 million, a P/E ratio of 11.97 and a beta of 1.00.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.66 earnings per share (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 firm had revenue of C$87.21 million for the quarter. As a group, equities analysts anticipate that Morguard North American Residential Real Estate Investment Trust will post 1.39 EPS for the current year.

Morguard North American Residential Real Estate Investment Trust Company Profile

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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.

Further Reading

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