Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical move: The stock reportedly passed above its 200-day moving average (C$17.66) during Thursday trading, trading as high as C$17.66 and last at C$17.46 on volume of 13,739 shares.
• Mixed fundamentals: The REIT shows very low liquidity (quick ratio 0.09, current ratio 0.80) and high leverage (debt-to-equity 95.54) but trades at a low P/E of 8.84 and reported C$0.80 EPS for the quarter with a 40.48% net margin.
• Business profile and scale: Morguard is an open-end multi-suite residential REIT with the majority of revenue coming from the United States and a market cap of about C$910.7 million; analysts forecast roughly 1.39 EPS for the current fiscal year.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.66 and traded as high as C$17.66. Morguard North American Residential Real Estate Investment Trust shares last traded at C$17.46, with a volume of 13,739 shares traded.

Morguard North American Residential Real Estate Investment Trust Price Performance

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 firm has a 50 day moving average price of C$17.70 and a 200 day moving average price of C$17.66. The stock has a market cap of C$910.71 million, a P/E ratio of 8.84 and a beta of 0.91.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) last released its 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 firm had revenue of C$88.17 million during the quarter. On average, analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS 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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