Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) had its price target lifted by TD Securities from C$22.00 to C$23.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 26.58% from the company's current price.
Morguard North American Residential Real Estate Investment Trust Price Performance
Shares of TSE:MRG.UN traded up C$0.06 during midday trading on Friday, hitting C$18.17. The stock had a trading volume of 9,670 shares, compared to its average volume of 38,202. The company's 50-day moving average price is C$18.34 and its 200-day moving average price is C$17.43. The company has a market capitalization of C$675.02 million, a P/E ratio of 4.81 and a beta of 1.21. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. Morguard North American Residential Real Estate Investment Trust has a fifty-two week low of C$14.88 and a fifty-two week high of C$19.53.
Insider Buying and Selling at Morguard North American Residential Real Estate Investment Trust
In other news, insider Sime Armoyan acquired 43,630 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of C$113.43 per share, with a total value of C$4,949,055.61. Insiders have bought a total of 50,200 shares of company stock worth $5,568,197 in the last quarter. 26.42% of the stock is currently owned by corporate insiders.
About Morguard North American Residential Real Estate Investment Trust
(
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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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