Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.52 and traded as high as C$18.99. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.67, with a volume of 9,877 shares.
Analyst Ratings Changes
MRG.UN has been the subject of a number of research reports. TD Securities lifted their target price on Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Desjardins lifted their target price on Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$22.00 in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Morguard North American Residential Real Estate Investment Trust presently has an average rating of "Buy" and a consensus target price of C$22.50.
Read Our Latest Research Report on MRG.UN
Morguard North American Residential Real Estate Investment Trust Stock Up 0.3%
The business has a 50-day moving average of C$18.33 and a 200-day moving average of C$17.58. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80. The stock has a market capitalization of C$708.08 million, a price-to-earnings ratio of 5.04 and a beta of 1.21.
Insider Activity
In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan acquired 500 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average cost of C$113.00 per share, with a total value of C$56,500.00. Over the last three months, insiders bought 48,900 shares of company stock worth $5,545,837. 26.42% of the stock is currently owned by company insiders.
Morguard North American Residential Real Estate Investment Trust Company Profile
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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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