Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Reaches New 52-Week Low – Time to Sell?

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

The company has a market cap of C$754.52 million, a PE ratio of 11.87 and a beta of 1.00. The stock has a fifty day moving average price of C$15.58 and a 200-day moving average price of C$16.47. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09.

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

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Morguard North American Residential Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard North American Residential Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.