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 Thursday . The stock has a two hundred day moving average of C$17.36 and traded as high as C$18.62. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.52, with a volume of 7,131 shares changing hands.
Morguard North American Residential Real Estate Investment Trust Stock Down 0.7%
The company's 50-day moving average is C$18.19 and its 200 day moving average is C$17.37. 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 capitalization of C$675.76 million, a PE ratio of 4.81 and a beta of 1.21.
Insider Transactions at Morguard North American Residential Real Estate Investment Trust
In related news, insider Sime Armoyan acquired 500 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were purchased at an average cost of C$113.00 per share, for a total transaction of C$56,500.00. Over the last 90 days, insiders have acquired 50,200 shares of company stock valued at $5,568,197. 26.42% of the stock is currently owned by company 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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