Royal Bank Of Canada Issues Positive Forecast for Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price

Morguard Real Estate Inv. (TSE:MRT.UN) had its price target hoisted by Royal Bank Of Canada from C$5.50 to C$6.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities upped their price objective on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Morguard Real Estate Inv. has a consensus rating of “Hold” and a consensus price target of C$5.75.

Morguard Real Estate Inv. Stock Performance

MRT.UN opened at C$5.87 on Monday. The firm has a market cap of C$385.65 million, a P/E ratio of -11.29 and a beta of 0.13. Morguard Real Estate Inv. has a 52-week low of C$5.30 and a 52-week high of C$6.04. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. The business’s fifty day moving average is C$5.83 and its 200-day moving average is C$5.77.

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.