Morguard Reit (TSE:MRC) target price raised to $205.00, reported today by RBC Capital Markets
- Updated: September 17, 2016
Showing a price of $184.16, Morguard Reit (TSE:MRC) traded 1.75% lower on the day. The last stock price close is up 10.33% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same period. MRC has registered a 50-day average of $177.87 and 200-day average of $158.50. 1,095 shares of MRC exchanged hands, down from ann avg. trading volume of 1,390
Stating a possible upside of 0.11%, RBC Capital Markets upped the price target of Morguard Reit (TSE:MRC) to $205
On 8/16/2016, CIBC World Markets reported about Morguard Reit(TSE:MRC) raised the target price from $180.00 to $200.00 that suggested an upside of 0.13%.
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In addition to RBC Capital Markets reporting it’s price target, a total of 2 analysts have issued a report on Morguard Reit. The 12-month target price is $145.46 with 0 rating the company a strong buy, 0 rating the company a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the company as sell.
With a market capitalization of $0.0, Morguard Reit has a one-year low of $122.51 and a one-year high of $188.50 with a price-earnings ratio of 17.
Brief Synopsis On Morguard Reit (TSE:MRC)
Morguard Corporation is a Canada-based real estate investment company. The Company is engaged in the acquisition, development and ownership of commercial, multi-unit residential and hotel real estate properties. It is also a real estate investment advisors and a management company. The Company and its subsidiaries, including Morguard Residential REIT and Morguard REIT, owns a portfolio of over 175 multi-unit residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company’s multi-suite residential portfolios consist over 20 Canadian properties and 30 United States properties. The Company, through its wholly owned subsidiary, Morguard Investments Limited, provides real estate management services to Canadian institutional investors. The Company’s services include acquisitions, development, dispositions, leasing, performance measurement, and and asset and property management.
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