Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Price Target Raised to C$24.00 at TD

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) had its price target boosted by TD from C$23.00 to C$24.00 in a research note released on Friday,BayStreet.CA reports. TD currently has a buy rating on the stock.

Separately, Royal Bank Of Canada reduced their price target on Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating for the company in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Morguard North American Residential Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$22.67.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.1%

MRG.UN opened at C$16.25 on Friday. Morguard North American Residential Real Estate Investment Trust has a fifty-two week low of C$16.01 and a fifty-two week high of C$19.20. 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 fifty day moving average of C$16.86 and a two-hundred day moving average of C$17.39. The stock has a market capitalization of C$847.73 million, a price-to-earnings ratio of 13.34 and a beta of 0.97.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its earnings results on Tuesday, July 28th. The company reported C$0.66 earnings per share (EPS) for the quarter. Morguard North American Residential Real Estate Investment Trust had a net margin of 40.48% and a return on equity of 6.98%. The business had revenue of C$87.21 million for the quarter. On average, research analysts expect that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share 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.