Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Sets New 52-Week Low – Time to Sell?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) hit a new 52-week low during trading on Wednesday . The company traded as low as C$16.31 and last traded at C$16.49, with a volume of 2373 shares trading hands. The stock had previously closed at C$16.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MRG.UN shares. Royal Bank Of Canada lowered their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 30th. TD lowered their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.25.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$871.73 million, a price-to-earnings ratio of 10.28 and a beta of 0.94. The stock’s 50 day moving average is C$17.06 and its 200 day moving average is C$17.52. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last issued its quarterly earnings data on Tuesday, April 28th. The company reported C$1.07 EPS for the quarter. The firm had revenue of C$86.47 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, 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.