Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Reaches New 1-Year Low – Here’s What Happened

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) hit a new 52-week low during trading on Monday . The company traded as low as C$15.93 and last traded at C$15.93, with a volume of 4474 shares. The stock had previously closed at C$15.99.

Analyst Ratings Changes

Separately, TD boosted their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Morguard North American Residential Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average price target of C$22.67.

Morguard North American Residential Real Estate Investment Trust Stock Down 1.8%

The company has a market cap of C$812.26 million, a P/E ratio of 12.78 and a beta of 0.97. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The company has a fifty day moving average of C$16.57 and a 200 day moving average of C$17.06.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share for the quarter. The company had revenue of C$87.21 million for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%. On average, research analysts anticipate that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current fiscal year.

About Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.