Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Reaches New 12-Month Low – Here’s What Happened

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$14.71 and last traded at C$14.71, with a volume of 4682 shares trading hands. The stock had previously closed at C$14.86.

Analyst Ratings Changes

Separately, TD boosted their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, July 31st. 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, Morguard North American Residential Real Estate Investment Trust has an average rating of “Moderate Buy” and an average price target of C$22.67.

Morguard North American Residential Real Estate Investment Trust Trading Down 0.9%

The stock has a market cap of C$768.61 million, a price-to-earnings ratio of 12.09 and a beta of 0.94. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. The company’s fifty day moving average price is C$16.00 and its 200-day moving average price is C$16.67.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last released its earnings results on Tuesday, July 28th. The company reported C$0.66 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 company had revenue of C$87.21 million during the quarter. On average, research analysts expect that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current fiscal 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.