Morguard Real Estate Inv. (MRT.UN) Hits New 1-Year Low at $13.46

Shares of Morguard Real Estate Inv. (TSE:MRT.UN) reached a new 52-week low on Thursday . The stock traded as low as C$13.46 and last traded at C$13.52, with a volume of 13917 shares changing hands. The stock had previously closed at C$13.54.

Several equities analysts have commented on MRT.UN shares. TD Securities dropped their price target on shares of Morguard Real Estate Inv. from C$15.50 to C$15.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets dropped their price target on shares of Morguard Real Estate Inv. from C$15.25 to C$15.00 in a research note on Friday, November 3rd. Finally, Royal Bank of Canada dropped their price target on shares of Morguard Real Estate Inv. from C$15.00 to C$14.50 in a research note on Friday, November 3rd.

The stock has a market cap of $820.84, a P/E ratio of 14.39 and a beta of 0.58.

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About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end trust. The Trust’s objective is to accumulate a Canadian portfolio of real estate assets and then manage the portfolio to generate steady, dependable returns to unitholders. It owns a real estate portfolio of approximately 50 commercial properties consisting of approximately nine million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

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