Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$15.52 and last traded at C$15.55, with a volume of 8069 shares trading hands. The stock had previously closed at C$15.74.
Wall Street Analysts Forecast Growth
Separately, TD boosted 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 report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$22.67.
Check Out Our Latest Report on Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust Trading Down 1.1%
Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$0.66 earnings per share (EPS) 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
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.
See Also
- Five stocks we like better than Morguard North American Residential Real Estate Investment Trust
- 3 Stocks Built for Higher Rates—And 2 That Could Break
- Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar
- 3 AI Optical Networking Stocks Positioned for the Data Center Buildout
- 5 Defensive Stocks to Watch as CPI and the Fed Put the Rally to the Test
Receive News & Ratings for Morguard North American Residential Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard North American Residential Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
