Morguard Real Estate Inv. (TSE:MRT.UN) Hits New 12-Month Low at $5.05

Morguard Real Estate Inv. (TSE:MRT.UNGet Rating)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as C$5.05 and last traded at C$5.20, with a volume of 20644 shares changing hands. The stock had previously closed at C$5.15.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Morguard Real Estate Inv. from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a report on Monday, February 28th. TD Securities lifted their price target on shares of Morguard Real Estate Inv. from C$6.00 to C$6.50 and gave the company a “hold” rating in a report on Friday, April 29th. Finally, BMO Capital Markets lifted their price target on shares of Morguard Real Estate Inv. from C$5.00 to C$5.50 in a report on Tuesday, February 22nd.

The company has a debt-to-equity ratio of 108.72, a quick ratio of 0.07 and a current ratio of 0.11. The stock has a market capitalization of C$342.62 million and a P/E ratio of 9.08. The stock’s fifty day simple moving average is C$5.43 and its two-hundred day simple moving average is C$5.41.

About Morguard Real Estate Inv. (TSE:MRT.UN)

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.

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