Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Sets New 1-Year Low – Time to Sell?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) hit a new 52-week low on Monday. The company traded as low as C$14.36 and last traded at C$14.40, with a volume of 5,485 shares traded. The stock had previously closed at C$14.49.

Wall Street Analysts Forecast Growth

Separately, TD upped their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Morguard North American Residential Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$22.67.

Morguard North American Residential Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$749.83 million, a PE ratio of 11.79 and a beta of 1.00. The firm’s fifty day moving average price is C$15.33 and its 200 day moving average price is C$16.36. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last issued its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share (EPS) for the quarter. Morguard North American Residential Real Estate Investment Trust had a net margin of 40.48% and a return on equity of 6.98%. The firm had revenue of C$87.21 million during the quarter. As a group, equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.39 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.