Morguard Real Estate Inv. (TSE:MRT.UN) Issues Quarterly Earnings Results

Morguard Real Estate Inv. (TSE:MRT.UN) issued its earnings results on Wednesday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. The business had revenue of C$60.37 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%.

Morguard Real Estate Inv. Stock Performance

MRT.UN opened at C$6.93 on Thursday. The company has a market cap of C$461.55 million, a P/E ratio of 86.62 and a beta of -0.01. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The firm’s 50-day moving average price is C$7.05 and its 200-day moving average price is C$6.77. Morguard Real Estate Inv. has a 52-week low of C$5.71 and a 52-week high of C$7.37.

Wall Street Analysts Forecast Growth

Separately, TD raised their price target on Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “hold” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Morguard Real Estate Inv. currently has a consensus rating of “Hold” and an average price target of C$6.17.

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.