Morguard Real Estate Inv. (TSE:MRT.UN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Morguard Real Estate Inv. (TSE:MRT.UN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.68 and traded as high as C$7.03. Morguard Real Estate Inv. shares last traded at C$7.03, with a volume of 2,550 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MRT.UN shares. Royal Bank Of Canada lifted their price objective on 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. TD boosted their target price on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “hold” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$6.17.

Morguard Real Estate Inv. Stock Performance

The firm has a market cap of C$468.77 million, a price-to-earnings ratio of 87.75 and a beta of 0.02. The stock has a 50-day moving average of C$6.93 and a 200-day moving average of C$6.68. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08.

Morguard Real Estate Inv. (TSE:MRT.UN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.03 earnings per share for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. The company had revenue of C$58.63 million during the quarter. As a group, analysts anticipate that Morguard Real Estate Inv. will post 0.780083 EPS 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.