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 on Friday . The stock traded as high as C$7.00 and last traded at C$6.81, with a volume of 37400 shares trading hands. The stock had previously closed at C$6.77.

Wall Street Analysts Forecast Growth

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

Morguard Real Estate Inv. Stock Up 0.6%

The company has a market capitalization of C$454.74 million, a P/E ratio of 340.50 and a beta of 0.03. 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 50 day moving average of C$6.64 and a 200-day moving average of C$6.52.

Morguard Real Estate Inv. (TSE:MRT.UN) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.09 EPS for the quarter. The business had revenue of C$60.05 million during the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%. As a group, equities analysts anticipate that Morguard Real Estate Inv. will post 0.780083 EPS for the current year.

Morguard Real Estate Inv. Company Profile

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.