Morguard Real Estate Inv. (TSE:MRT.UN) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Technical signal: Morguard's shares moved above their 50‑day moving average (C$6.49), trading as high as C$6.68 and last at C$6.59 on a volume of 4,429 shares.
• Weak fundamentals: The company reported C($0.12) EPS for the quarter, has a negative ROE (-10.91%) and net margin (-41.19%), a negative P/E (-26.36), high debt-to-equity (135.58) and very low liquidity (quick ratio 0.04, current ratio 0.08).
• Company profile and outlook: Morguard is a Canadian closed‑end REIT focused on Retail (largest), Office and Industrial properties, with a market cap of C$437.79M and analysts projecting roughly 0.78 EPS for the current year.

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$6.49 and traded as high as C$6.68. Morguard Real Estate Inv. shares last traded at C$6.59, with a volume of 4,429 shares.

Morguard Real Estate Inv. Stock Down 1.3%

The business has a fifty day moving average of C$6.49 and a 200 day moving average of C$6.25. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The firm has a market cap of C$437.79 million, a P/E ratio of -26.36 and a beta of -0.02.

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported C($0.12) earnings per share (EPS) for the quarter. The company had revenue of C$63.00 million for the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%. On average, equities research analysts predict that Morguard Real Estate Inv. will post 0.780083 EPS for the current year.

About Morguard Real Estate Inv.

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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