Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 52-Week High – Time to Buy?

Morguard Real Estate Inv. (TSE:MRT.UN) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$7.09 and last traded at C$7.09, with a volume of 1100 shares. The stock had previously closed at C$7.00.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$6.00.

Morguard Real Estate Inv. Stock Performance

The stock has a market capitalization of C$473.44 million, a PE ratio of 354.50 and a beta of 0.01. The firm’s fifty day moving average is C$6.70 and its 200-day moving average is C$6.57. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.

Morguard Real Estate Inv. (TSE:MRT.UN) last announced its earnings results on Wednesday, April 29th. The company reported C$0.09 earnings per share for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. The company had revenue of C$60.05 million during the quarter. As a group, research analysts anticipate that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current year.

Morguard Real Estate Inv. Company Profile

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.