Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.44 and traded as high as C$18.17. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.17, with a volume of 9,670 shares traded.
Analysts Set New Price Targets
A number of brokerages recently commented on MRG.UN. Desjardins upped 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 upped their target price on Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company a "buy" rating in a report on Friday, August 1st.
Read Our Latest Stock Report on MRG.UN
Morguard North American Residential Real Estate Investment Trust Price Performance
The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. The firm has a 50-day moving average of C$18.33 and a 200-day moving average of C$17.46. The stock has a market cap of C$661.64 million, a PE ratio of 4.71 and a beta of 1.21.
Insider Activity
In other news, insider Sime Armoyan purchased 500 shares of the business's stock in a transaction on Friday, June 27th. The stock was acquired at an average price of C$113.00 per share, for a total transaction of C$56,500.00. Insiders bought a total of 50,200 shares of company stock worth $5,568,197 in the last three months. Company insiders own 26.42% of the company's stock.
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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