Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 12-Month High – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$7.30 and last traded at C$7.00, with a volume of 303360 shares traded. The stock had previously closed at C$6.80.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Morguard Real Estate Inv. presently has an average rating of “Hold” and a consensus target price of C$6.00.

Morguard Real Estate Inv. Price Performance

The company has a 50 day moving average of C$6.77 and a two-hundred day moving average of C$6.60. The firm has a market cap of C$464.09 million, a P/E ratio of 347.50 and a beta of 0.01. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58.

Morguard Real Estate Inv. (TSE:MRT.UN) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.09 EPS for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. The firm had revenue of C$60.05 million for the quarter. Sell-side analysts expect that Morguard Real Estate Inv. will post 0.780083 EPS 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.