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

Morguard Real Estate Inv. logo with Real Estate background
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Key Points

  • Technical move: Morguard Real Estate Inv. shares crossed above their 50‑day moving average, trading at C$6.62 versus a 50‑day average of C$6.49 (200‑day C$6.21) on Monday with about 10,155 shares traded.
  • Weak fundamentals and high leverage: the REIT reported Q EPS of C($0.12), a negative net margin (‑41.19%) and ROE (‑10.91%), a P/E of ‑26.48, very low liquidity (current ratio 0.08, quick ratio 0.04) and a debt‑to‑equity ratio of 135.58.
  • Business profile: it is a closed‑end REIT owning Canadian commercial properties across Retail, Office and Industrial segments, with Retail generating the most revenue.
  • Five stocks to consider instead of Morguard Real Estate Inv..

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$6.49 and traded as high as C$6.62. Morguard Real Estate Inv. shares last traded at C$6.62, with a volume of 10,155 shares trading hands.

Morguard Real Estate Inv. Trading Up 0.3%

The stock has a 50 day moving average of C$6.49 and a 200-day moving average of C$6.21. The company has a market capitalization of C$439.79 million, a P/E ratio of -26.48 and a beta of -0.02. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) last announced its quarterly earnings data 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 net margin of 41.19% and a negative return on equity of 10.91%. On average, research analysts predict that Morguard Real Estate Inv. will post 0.780083 EPS for the current year.

About Morguard Real Estate Inv.

(Get Free Report)

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.

Further Reading

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