TD Securities Boosts Morguard Real Estate Inv. (TSE:MRT.UN) Price Target to C$5.50

Morguard Real Estate Inv. (TSE:MRT.UN) had its price target hoisted by stock analysts at TD Securities from C$5.00 to C$5.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential downside of 6.62% from the company’s current price.

Morguard Real Estate Inv. Stock Up 0.9%

Shares of MRT.UN traded up C$0.05 during trading hours on Monday, reaching C$5.89. The company’s stock had a trading volume of 4,050 shares, compared to its average volume of 15,887. The firm has a market cap of C$386.96 million, a price-to-earnings ratio of -11.33 and a beta of 0.13. Morguard Real Estate Inv. has a 1-year low of C$5.30 and a 1-year high of C$6.04. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The company has a 50 day moving average of C$5.83 and a two-hundred day moving average of C$5.77.

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.