Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective boosted by analysts at Royal Bank Of Canada from C$5.50 to C$6.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 2.74% from the stock’s current price.

Separately, TD Securities boosted their price objective on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the stock a “hold” rating in a report on Monday. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$5.75.

Morguard Real Estate Inv. Stock Performance

Shares of TSE:MRT.UN opened at C$5.84 on Monday. The stock has a market capitalization of C$383.68 million, a P/E ratio of -8.46 and a beta of 0.15. Morguard Real Estate Inv. has a 1-year low of C$5.30 and a 1-year high of C$6.04. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The business has a 50-day moving average price of C$5.83 and a two-hundred day moving average price of C$5.78.

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.