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

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s share price reached a new 52-week low on Monday . The company traded as low as C$16.01 and last traded at C$16.04, with a volume of 15166 shares trading hands. The stock had previously closed at C$16.12.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MRG.UN. Royal Bank Of Canada lowered their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Thursday, April 30th. TD raised 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 research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$22.67.

Morguard North American Residential Real Estate Investment Trust Price Performance

The firm’s 50 day moving average price is C$16.70 and its two-hundred day moving average price is C$17.18. 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 stock has a market cap of C$840.95 million, a PE ratio of 13.23 and a beta of 0.97.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last released its quarterly earnings data 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. On average, research analysts expect 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.