Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$16.01 and last traded at C$16.04, with a volume of 15166 shares traded. The stock had previously closed at C$16.12.
Wall Street Analyst Weigh In
MRG.UN has been the topic of several recent analyst reports. TD boosted their price target 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 note on Friday, July 31st. Royal Bank Of Canada lowered their price objective 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 note on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Morguard North American Residential Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of C$22.67.
Read Our Latest Stock Report on Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust Stock Down 0.6%
Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.66 EPS for the quarter. The firm had revenue of C$87.21 million 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%. On average, sell-side analysts predict 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.
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