Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Issues Earnings Results

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) posted its earnings results on Tuesday. The company reported C$0.66 EPS for the quarter, FiscalAI reports. 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$87.21 million for the quarter.

Morguard North American Residential Real Estate Investment Trust Stock Performance

MRG.UN opened at C$16.65 on Wednesday. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80. The company has a market cap of C$868.60 million, a PE ratio of 10.25 and a beta of 0.97. The stock has a 50-day moving average of C$16.88 and a 200-day moving average of C$17.43. Morguard North American Residential Real Estate Investment Trust has a 52-week low of C$16.31 and a 52-week high of C$19.20.

Analysts Set New Price Targets

A number of research firms have recently commented on MRG.UN. Royal Bank Of Canada dropped their price objective on Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 30th. TD dropped their price target on Morguard North American Residential Real Estate Investment Trust from C$24.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$22.25.

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.