Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Technical bearish signal: Morguard North American Residential REIT fell below its 200-day moving average
• Valuation and leverage: the REIT has a market cap of C$894.49 million, a P/E of 8.69 and a high debt-to-equity ratio of 95.54, while liquidity ratios are weak (current ratio 0.80, quick ratio 0.09).
• Recent results and operations: last quarter EPS was C$0.80 on C$88.17 million revenue with a 6.98% ROE and 40.48% net margin, and the trust primarily owns multi-suite residential properties with the majority of revenue coming from the United States.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.73 and traded as low as C$16.93. Morguard North American Residential Real Estate Investment Trust shares last traded at C$17.15, with a volume of 28,166 shares trading hands.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$894.49 million, a price-to-earnings ratio of 8.69 and a beta of 0.91. 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 firm has a 50 day moving average price of C$17.92 and a 200-day moving average price of C$17.73.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$0.80 earnings per share (EPS) for the quarter. The business had revenue of C$88.17 million 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%. As a group, sell-side analysts expect that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current fiscal year.

About Morguard North American Residential Real Estate Investment Trust

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.

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