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

Key Points

• Shares of Morguard North American Residential REIT crossed below its 200‑day moving average, trading as low as C$17.52 versus a 200‑day MA of C$17.69 and last at C$17.71, with a 50‑day SMA of C$17.80.
• The REIT has a market capitalization of C$923.8M and trades at a P/E of 8.97, but carries high leverage (debt‑to‑equity 95.54) and weak liquidity (quick ratio 0.09, current ratio 0.80).
• Morguard is an open‑end residential REIT focused on multi‑suite properties in Canada and the U.S. (U.S. drives most revenue); latest quarterly results showed EPS of C$0.80, revenue of C$88.17M, net margin 40.48%, and analysts forecast about C$1.39 EPS for the year.

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.69 and traded as low as C$17.52. Morguard North American Residential Real Estate Investment Trust shares last traded at C$17.71, with a volume of 19,602 shares.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The stock has a fifty day simple moving average of C$17.80 and a 200-day simple moving average of C$17.69. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The company has a market capitalization of C$923.75 million, a P/E ratio of 8.97 and a beta of 0.91.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$0.80 earnings per share (EPS) 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%.The business had revenue of C$88.17 million during the quarter. Equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current year.

Morguard North American Residential Real Estate Investment Trust Company Profile

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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