Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Price Target Raised to C$21.00

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its price target lifted by TD from C$20.00 to C$21.00 in a report issued on Thursday,BayStreet reports. The firm currently has a buy rating on the stock.

Morguard North American Residential Real Estate Investment Trust Stock Down 0.3%

Shares of MRG.UN opened at C$14.50 on Thursday. The firm has a market cap of C$755.44 million, a P/E ratio of 9.93 and a beta of 1.00. Morguard North American Residential Real Estate Investment Trust has a 12 month low of C$14.31 and a 12 month high of C$19.05. The stock’s 50 day moving average is C$14.98 and its two-hundred day moving average is C$16.71. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last announced its earnings results on Tuesday, October 27th. The company reported C$0.45 earnings per share 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 business had revenue of C$88.89 million during the quarter. Analysts predict that Morguard North American Residential Real Estate Investment Trust will post 1.39 earnings per share for the current fiscal 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.