Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Hits New 12-Month Low – What’s Next?

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$16.31 and last traded at C$16.49, with a volume of 2373 shares. The stock had previously closed at C$16.35.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MRG.UN. TD reduced 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 research report on Wednesday, April 29th. Royal Bank Of Canada reduced 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 report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the 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 price target of C$22.25.

Morguard North American Residential Real Estate Investment Trust Stock Up 1.7%

The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. The firm has a 50 day simple moving average of C$17.12 and a 200-day simple moving average of C$17.54. The stock has a market capitalization of C$867.55 million, a price-to-earnings ratio of 10.23 and a beta of 0.94.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last released its quarterly earnings data on Tuesday, April 28th. The company reported C$1.07 earnings per share (EPS) for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%.The firm had revenue of C$86.47 million during the quarter. On average, sell-side analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current fiscal 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.