Morguard Real Estate Inv. (TSE:MRT.UN) Price Target Raised to C$6.00

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective raised by Royal Bank Of Canada from C$5.50 to C$6.00 in a research report report published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities increased their target price on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the company a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Morguard Real Estate Inv. currently has a consensus rating of “Hold” and an average target price of C$5.75.

Morguard Real Estate Inv. Price Performance

Shares of Morguard Real Estate Inv. stock opened at C$5.80 on Monday. The business has a 50 day simple moving average of C$5.83 and a two-hundred day simple moving average of C$5.78. Morguard Real Estate Inv. has a 12 month low of C$5.30 and a 12 month high of C$6.04. The stock has a market capitalization of C$381.05 million, a P/E ratio of -8.41 and a beta of 0.15. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.

About Morguard Real Estate Inv.

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.