Morguard (TSE:MRC) Stock Price Target Cut by Royal Bank Of Canada

Morguard (TSE:MRC) had its price objective reduced by equities researchers at Royal Bank Of Canada from C$150.00 to C$140.00 in a note issued to investors on Tuesday, BayStreet reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 28.44% from the stock’s current price.

Morguard Trading Down 0.3%

Shares of TSE MRC traded down C$0.37 during midday trading on Tuesday, reaching C$109.00. The company had a trading volume of 150 shares, compared to its average volume of 2,942. The stock has a market cap of C$1.16 billion, a PE ratio of 4.59 and a beta of 0.11. Morguard has a one year low of C$108.70 and a one year high of C$127.40. The firm’s fifty day moving average price is C$113.28 and its 200-day moving average price is C$116.83. The company has a quick ratio of 0.13, a current ratio of 0.40 and a debt-to-equity ratio of 119.73.

Morguard (TSE:MRC) last posted its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported C$8.00 earnings per share (EPS) for the quarter. The business had revenue of C$282.20 million for the quarter. Morguard had a return on equity of 5.58% and a net margin of 22.68%. On average, equities research analysts anticipate that Morguard will post 26.15 earnings per share for the current year.

Insider Activity

In other news, insider Sime Armoyan bought 34,200 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average cost of C$104.30 per share, with a total value of C$3,567,060.00. Following the completion of the purchase, the insider directly owned 1,456,223 shares in the company, valued at C$151,884,058.90. This represents a 2.41% increase in their ownership of the stock. Insiders have purchased a total of 71,900 shares of company stock valued at $7,880,585 in the last quarter. 72.99% of the stock is currently owned by company insiders.

About Morguard

Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX: MRC). The company and its subsidiaries, Morguard REIT (TSX: MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN), own a diversified portfolio of real estate assets across multiple classes, including office, industrial, retail, multi-suite residential and hotel. Morguard also provides real estate management services to institutional and other investors. As at September 30, 2025, Morguard’s owned and managed portfolio of assets was valued at $19 billion.