Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Price Target Cut to C$23.00 by Analysts at TD

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its price objective cut by TD from C$24.00 to C$23.00 in a report issued on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Morguard North American Residential Real Estate Investment Trust Stock Performance

TSE MRG.UN opened at C$17.03 on Wednesday. The company has a 50-day simple moving average of C$17.60 and a two-hundred day simple moving average of C$17.64. 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 firm has a market cap of C$888.28 million, a price-to-earnings ratio of 8.63 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.80 EPS 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%.The firm had revenue of C$88.17 million for the quarter. On average, equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current 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.