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Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Morguard North American Residential Real Estate Investment Trust logo with Real Estate background

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.26 and traded as high as C$18.38. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.26, with a volume of 10,777 shares trading hands.

Morguard North American Residential Real Estate Investment Trust Trading Up 1.4%

The company has a market capitalization of C$687.65 million, a price-to-earnings ratio of 4.90 and a beta of 1.21. The company has a 50-day moving average price of C$17.91 and a 200-day moving average price of C$17.27. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54.

Insider Activity

In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan purchased 500 shares of the 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. Insiders bought 50,200 shares of company stock valued at $5,568,197 over the last 90 days. Company insiders own 26.42% of the company's stock.

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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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