Royal Bank Of Canada Lowers Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Price Target to C$20.00

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its target price dropped by stock analysts at Royal Bank Of Canada from C$21.00 to C$20.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.12% from the company’s current price.

Separately, TD dropped their target price on Morguard North American Residential Real Estate Investment Trust from C$24.00 to C$23.00 and set a “buy” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$22.25.

Morguard North American Residential Real Estate Investment Trust Price Performance

Morguard North American Residential Real Estate Investment Trust stock opened at C$16.79 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The company has a market capitalization of C$875.77 million, a PE ratio of 10.33 and a beta of 0.91. Morguard North American Residential Real Estate Investment Trust has a 12 month low of C$16.31 and a 12 month high of C$19.20. The stock has a 50-day moving average price of C$17.56 and a two-hundred day moving average price of C$17.63.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its earnings results on Tuesday, February 10th. The company reported C$0.80 EPS for the quarter. The firm had revenue of C$88.17 million during 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%. Analysts expect that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current 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.