Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Hits New 12-Month Low – What’s Next?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UNGet Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$15.19 and last traded at C$15.19, with a volume of 5256 shares changing hands. The stock had previously closed at C$15.27.

Analysts Set New Price Targets

Separately, TD upped their price objective on shares of 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$22.67.

Get Our Latest Analysis on Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The company has a market cap of C$796.61 million, a price-to-earnings ratio of 12.53 and a beta of 0.94. The stock’s 50-day simple moving average is C$16.33 and its 200 day simple moving average is C$16.88.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UNGet Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share 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, equities research analysts anticipate that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS 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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