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

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.73 and traded as high as C$7.00. Morguard Real Estate Inv. shares last traded at C$7.00, with a volume of 220 shares traded.

Analyst Ratings Changes

Separately, TD lifted their target price on 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, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$6.17.

Morguard Real Estate Inv. Price Performance

The stock has a market capitalization of C$467.43 million, a P/E ratio of 87.50 and a beta of 0.06. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The company has a fifty day simple moving average of C$7.02 and a two-hundred day simple moving average of C$6.73.

Morguard Real Estate Inv. (TSE:MRT.UN) last released its earnings results on Wednesday, July 29th. The company reported C$0.03 earnings per share (EPS) 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 for the quarter. Sell-side analysts expect 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.