Morguard Real Estate Inv. (TSE:MRT.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.20 and traded as low as $11.11. Morguard Real Estate Inv. shares last traded at $11.13, with a volume of 13,750 shares traded.
Several equities research analysts have recently weighed in on the company. CIBC reduced their price objective on Morguard Real Estate Inv. from C$13.00 to C$12.50 in a research note on Friday, August 2nd. TD Securities decreased their target price on Morguard Real Estate Inv. from C$13.00 to C$12.50 and set a “hold” rating for the company in a research report on Friday, August 2nd.
The company has a market capitalization of $671.33 million and a price-to-earnings ratio of 27.79. The company has a 50-day moving average price of C$11.82 and a 200-day moving average price of C$12.20. The company has a quick ratio of 0.09, a current ratio of 0.18 and a debt-to-equity ratio of 86.85.
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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