Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Expected to Rise, TD Analyst Says

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its price target upped by TD from C$23.00 to C$24.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 47.69% from the stock’s current price.

Separately, Royal Bank Of Canada reduced their price target 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 for the company in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Morguard North American Residential Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.50.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.1%

Shares of TSE:MRG.UN traded up C$0.01 during trading on Friday, hitting C$16.25. 66,976 shares of the company’s stock traded hands, compared to its average volume of 28,233. 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 company has a 50-day moving average price of C$16.86 and a 200-day moving average price of C$17.40. Morguard North American Residential Real Estate Investment Trust has a 52 week low of C$16.01 and a 52 week high of C$19.20. The company has a market cap of C$847.73 million, a price-to-earnings ratio of 10.00 and a beta of 0.97.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share (EPS) for the quarter. The business had revenue of C$87.21 million during 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%. As a group, research analysts forecast 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

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.