Morguard Real Estate Inv. (TSE:MRT.UN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Morguard Real Estate Inv. (TSE:MRT.UN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.55 and traded as high as C$7.07. Morguard Real Estate Inv. shares last traded at C$7.07, with a volume of 7,254 shares trading hands.

Wall Street Analysts Forecast Growth

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

Morguard Real Estate Inv. Price Performance

The firm has a market capitalization of C$472.11 million, a P/E ratio of 353.50 and a beta of 0.01. The business’s fifty day moving average is C$6.69 and its 200 day moving average is C$6.55. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.

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

About Morguard Real Estate Inv.

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.