Morguard Real Estate Inv. (TSE:MRT.UN) Hits New 52-Week High – Time to Buy?

Morguard Real Estate Inv. (TSE:MRT.UN)’s share price reached a new 52-week high on Thursday . The company traded as high as C$7.30 and last traded at C$7.00, with a volume of 303360 shares trading hands. The stock had previously closed at C$6.80.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada increased their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$6.00.

Morguard Real Estate Inv. Stock Up 3.4%

The firm has a market capitalization of C$469.44 million, a P/E ratio of 351.50 and a beta of 0.01. The firm’s 50 day moving average is C$6.75 and its two-hundred day moving average is C$6.59. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.

Morguard Real Estate Inv. (TSE:MRT.UN) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.09 EPS for the quarter. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. The firm had revenue of C$60.05 million during the quarter. Research analysts predict that Morguard Real Estate Inv. will post 0.780083 EPS for the current year.

Morguard Real Estate Inv. Company Profile

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.