Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) had its price objective raised by TD from C$20.00 to C$21.00 in a report released on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s target price would suggest a potential upside of 45.73% from the stock’s current price.
Morguard North American Residential Real Estate Investment Trust Price Performance
Shares of TSE:MRG.UN traded down C$0.08 during trading on Thursday, hitting C$14.41. 8,915 shares of the company’s stock were exchanged, compared to its average volume of 27,794. The business’s 50-day simple moving average is C$15.05 and its 200 day simple moving average is C$16.74. The company has a market cap of C$751.91 million, a price-to-earnings ratio of 11.83 and a beta of 1.00. Morguard North American Residential Real Estate Investment Trust has a 52-week low of C$14.31 and a 52-week high of C$19.05. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09.
Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported C$0.45 EPS for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%. The company had revenue of C$88.89 million for the quarter. As a group, equities analysts predict that Morguard North American Residential Real Estate Investment Trust will post 1.39 EPS for the current year.
About Morguard North American Residential Real Estate Investment Trust
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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