Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) shares have recently crossed above their two hundred day moving average, indicating potential bullish momentum.
• Analysts have increased their price targets for the stock, with Desjardins raising it from C$20.00 to C$22.00 and TD Securities from C$22.00 to C$23.00, both maintaining a "buy" rating.
• The company reported a market cap of C$645.05 million and a debt-to-equity ratio of 95.54, which may raise concerns about financial stability.

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.83 and traded as high as C$18.42. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.38, with a volume of 17,533 shares.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MRG.UN. Desjardins boosted 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. TD Securities increased their price objective 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 research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Morguard North American Residential Real Estate Investment Trust currently has a consensus rating of "Buy" and a consensus price target of C$22.50.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.3%

The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The stock has a market cap of C$645.05 million, a P/E ratio of 6.72 and a beta of 1.01. The firm has a 50-day simple moving average of C$18.40 and a two-hundred day simple moving average of C$17.83.

Insider Activity

In related news, insider Sime Armoyan bought 500 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction dated Friday, June 27th. The shares were bought at an average cost of C$113.00 per share, with a total value of C$56,500.00. Company insiders own 26.42% of the company's stock.

Morguard North American Residential Real Estate Investment Trust Company Profile

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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