Morguard Real Estate Inv. (TSE:MRT.UN) Price Target Raised to C$6.50

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective hoisted by analysts at TD from C$6.00 to C$6.50 in a report released on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective would suggest a potential downside of 6.61% from the company’s previous close.

Separately, Royal Bank Of Canada increased their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$6.17.

Morguard Real Estate Inv. Stock Performance

Shares of TSE MRT.UN traded up C$0.01 during midday trading on Friday, reaching C$6.96. 110 shares of the company traded hands, compared to its average volume of 11,830. Morguard Real Estate Inv. has a 52 week low of C$5.59 and a 52 week high of C$7.37. The stock has a 50-day moving average price of C$6.87 and a 200 day moving average price of C$6.64. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04. The company has a market cap of C$464.76 million, a price-to-earnings ratio of 348.00 and a beta of 0.01.

Morguard Real Estate Inv. (TSE:MRT.UN) last announced its earnings results on Wednesday, April 29th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$60.05 million during the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. Sell-side analysts anticipate that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current fiscal year.

About Morguard Real Estate Inv.

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8 million square feet of leasable space.