Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 1-Year High - Still a Buy?

Key Points

• Morguard Real Estate Investment Trust recently reached a new 52-week high in its share price, trading at C$6.04 during mid-day on Thursday.
• The company has a market capitalization of C$385.62 million and operates in three segments: Retail, Office, and Industrial, with the Retail segment generating the most revenue.
• Morguard's current financial ratios indicate a high debt-to-equity ratio of 135.58, and it is trading with a P/E ratio of -11.38.

Morguard Real Estate Inv. (TSE:MRT.UN - )'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.04 and last traded at C$5.92, with a volume of 17152 shares changing hands. The stock had previously closed at C$6.03.

Morguard Real Estate Inv. Stock Performance

The firm has a fifty day moving average of C$5.81 and a 200-day moving average of C$5.75. The firm has a market cap of C$385.62 million, a P/E ratio of -11.38 and a beta of 0.13. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58.

Morguard Real Estate Inv. Company Profile

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.

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