Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Sets New 12-Month Low – Time to Sell?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) hit a new 52-week low on Tuesday . The stock traded as low as C$15.52 and last traded at C$15.55, with a volume of 8069 shares traded. The stock had previously closed at C$15.74.

Analyst Upgrades and Downgrades

Separately, TD boosted their price target on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Morguard North American Residential Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of C$22.67.

Morguard North American Residential Real Estate Investment Trust Price Performance

The stock has a market cap of C$810.17 million, a PE ratio of 12.74 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 business has a fifty day moving average of C$16.41 and a 200 day moving average of C$16.93.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its quarterly earnings data 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 return on equity of 6.98% and a net margin of 40.48%.The company had revenue of C$87.21 million for the quarter. Sell-side analysts anticipate 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.