Morguard Real Estate Inv. (TSE:MRT.UN) Price Target Raised to C$6.50 at Royal Bank Of Canada

Morguard Real Estate Inv. (TSE:MRT.UN) had its target price hoisted by stock analysts at Royal Bank Of Canada from C$6.00 to C$6.50 in a report released on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 0.15% from the company’s previous close.

Morguard Real Estate Inv. Price Performance

Shares of MRT.UN traded down C$0.03 during trading hours on Monday, hitting C$6.51. 3,297 shares of the company were exchanged, compared to its average volume of 9,194. The company has a market capitalization of C$433.58 million, a PE ratio of 325.50 and a beta of 0.02. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04. The firm has a fifty day simple moving average of C$6.54 and a 200-day simple moving average of C$6.31. Morguard Real Estate Inv. has a one year low of C$5.50 and a one year high of C$6.99.

Morguard Real Estate Inv. (TSE:MRT.UN) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.09 earnings per share for the quarter. The business had revenue of C$60.05 million during the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%. As a group, sell-side analysts predict that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current year.

About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.