Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Reaches New 12-Month Low – What’s Next?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday. The stock traded as low as C$14.71 and last traded at C$14.71, with a volume of 4682 shares traded. The stock had previously closed at C$14.86.

Wall Street Analyst Weigh In

Separately, TD upped their price target on 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.67.

Get Our Latest Research Report on MRG.UN

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

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 firm has a 50 day moving average price of C$15.91 and a 200-day moving average price of C$16.63. The firm has a market cap of C$770.70 million, a price-to-earnings ratio of 12.12 and a beta of 0.94.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$0.66 EPS 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%. The firm had revenue of C$87.21 million for the quarter. On average, equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current year.

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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.

Further Reading

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