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Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Crosses 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) crossed 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.

Morguard North American Residential Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$680.22 million, a PE ratio of 4.84 and a beta of 1.21. The stock has a 50-day moving average price of C$17.81 and a 200 day moving average price of C$17.26. 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 Buying and Selling

In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan acquired 43,630 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average price of C$113.43 per share, with a total value of C$4,949,055.61. Over the last three months, insiders acquired 50,200 shares of company stock valued at $5,568,197. 26.42% of the stock is currently owned by corporate insiders.

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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