Morguard Real Estate Inv. (TSE:MRT.UN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Morguard Real Estate Inv. (TSE:MRT.UN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.99 and traded as high as C$6.60. Morguard Real Estate Inv. shares last traded at C$6.39, with a volume of 5,878 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Securities increased their price objective on shares of Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the company a “hold” rating in a research report on Monday, November 3rd. Royal Bank Of Canada increased their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Morguard Real Estate Inv. has an average rating of “Hold” and an average price target of C$5.75.

Morguard Real Estate Inv. Price Performance

The firm has a 50-day moving average of C$6.35 and a 200 day moving average of C$5.99. The company has a market capitalization of C$419.81 million, a PE ratio of -9.26 and a beta of 0.20. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.

Morguard Real Estate Inv. (TSE:MRT.UN) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$57.69 million during the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%. As a group, research analysts anticipate that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal 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.