Morguard Real Estate Inv. (TSE:MRT.UN) Sets New 1-Year High – Should You Buy?

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$7.09 and last traded at C$7.09, with a volume of 1100 shares changing hands. The stock had previously closed at C$7.00.

Analyst Upgrades and Downgrades

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

Morguard Real Estate Inv. Stock Performance

The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The company has a market cap of C$469.44 million, a PE ratio of 351.50 and a beta of 0.01. The stock’s 50 day simple moving average is C$6.72 and its two-hundred day simple moving average is C$6.58.

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

About Morguard Real Estate Inv.

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.