Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as C$14.48 and last traded at C$14.48, with a volume of 14395 shares changing hands. The stock had previously closed at C$14.68.
Analysts Set New Price Targets
Separately, TD lifted their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Morguard North American Residential Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.67.
Read Our Latest Stock Analysis on MRG.UN
Morguard North American Residential Real Estate Investment Trust Price Performance
Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share for the quarter. The business had revenue of C$87.21 million for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%. On average, equities analysts expect that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current year.
About Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.
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