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

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$14.41 and last traded at C$14.49, with a volume of 29,478 shares trading hands. The stock had previously closed at C$14.61.

Wall Street Analyst Weigh In

Separately, TD increased 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 research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.67.

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Check Out Our Latest Stock Analysis on MRG.UN

Morguard North American Residential Real Estate Investment Trust Stock Performance

The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The firm has a market cap of C$756.09 million, a PE ratio of 11.89 and a beta of 1.00. The stock’s 50 day moving average price is C$15.48 and its 200 day moving average price is C$16.43.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share 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 firm had revenue of C$87.21 million during the quarter. As a group, equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.39 earnings per share for the current fiscal year.

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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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