TD Issues Positive Forecast for Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price

Morguard Real Estate Inv. (TSE:MRT.UN) had its price target raised by investment analysts at TD from C$6.00 to C$6.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s price objective suggests a potential downside of 6.61% from the company’s current price.

Separately, Royal Bank Of Canada boosted their target price on Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$6.17.

Morguard Real Estate Inv. Price Performance

Morguard Real Estate Inv. stock traded up C$0.01 during mid-day trading on Friday, hitting C$6.96. The company’s stock had a trading volume of 110 shares, compared to its average volume of 11,830. The stock has a market capitalization of C$464.76 million, a P/E ratio of 348.00 and a beta of 0.01. Morguard Real Estate Inv. has a twelve month low of C$5.59 and a twelve month high of C$7.37. The stock’s fifty day moving average price is C$6.87 and its two-hundred day moving average price is C$6.64. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58.

Morguard Real Estate Inv. (TSE:MRT.UN) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.09 EPS for the quarter. The company 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%. Research analysts forecast that Morguard Real Estate Inv. will post 0.780083 earnings per share for the current year.

Morguard Real Estate Inv. Company Profile

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.