Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Gets Price Target Reduction from Royal Bank Of Canada

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its target price cut by Royal Bank Of Canada from C$19.00 to C$17.00 in a research report sent to investors on Friday morning,BayStreet reports. They currently have a sector perform rating on the stock.

Separately, TD increased their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

TSE MRG.UN opened at C$14.50 on Friday. The business has a 50-day moving average price of C$14.98 and a 200-day moving average price of C$16.71. 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 firm has a market cap of C$755.44 million, a price-to-earnings ratio of 9.93 and a beta of 1.00. Morguard North American Residential Real Estate Investment Trust has a twelve month low of C$14.31 and a twelve month high of C$19.05.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last announced its earnings results on Tuesday, October 27th. The company reported C$0.45 EPS for the quarter. Morguard North American Residential Real Estate Investment Trust had a net margin of 40.48% and a return on equity of 6.98%. The business had revenue of C$88.89 million during the quarter. As a group, equities research analysts predict that Morguard North American Residential Real Estate Investment Trust will post 1.39 EPS for the current fiscal year.

Morguard North American Residential Real Estate Investment Trust Company Profile

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.