Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.92 and traded as high as C$18.23. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.12, with a volume of 24,750 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on MRG.UN shares. 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. Desjardins increased their price objective on Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$22.00 in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$22.50.
Read Our Latest Stock Analysis 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 stock has a fifty day moving average price of C$18.40 and a 200-day moving average price of C$17.92. The company has a market cap of C$635.92 million, a PE ratio of 6.62 and a beta of 0.90.
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.
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