Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 12-Month High – Time to Buy?

Shares of Morguard Real Estate Inv. (TSE:MRT.UN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$7.00 and last traded at C$6.81, with a volume of 37400 shares. The stock had previously closed at C$6.77.

Analyst Ratings Changes

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

Morguard Real Estate Inv. Stock Performance

The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The company’s fifty day moving average is C$6.64 and its 200 day moving average is C$6.52. The company has a market cap of C$454.74 million, a P/E ratio of 340.50 and a beta of 0.03.

Morguard Real Estate Inv. (TSE:MRT.UN) last posted its quarterly 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 business had revenue of C$60.05 million during the quarter. As a group, equities analysts predict that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal year.

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.