Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.39 and traded as high as C$18.20. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.15, with a volume of 15,533 shares.
Morguard North American Residential Real Estate Investment Trust Price Performance
The company's 50 day moving average price is C$18.26 and its 200-day moving average price is C$17.39. The stock has a market cap of C$674.27 million, a P/E ratio of 4.80 and a beta of 1.21. 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 news, insider Sime Armoyan bought 43,630 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of C$113.43 per share, with a total value of C$4,949,055.61. Insiders have acquired a total of 50,200 shares of company stock worth $5,568,197 over the last ninety days. 26.42% of the stock is currently owned by company insiders.
Morguard North American Residential Real Estate Investment Trust Company Profile
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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.
Further Reading
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