Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Free Report) had its price objective boosted by Desjardins from C$20.00 to C$22.00 in a research note released on Friday,BayStreet.CA reports.
Separately, TD Securities lifted 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.
Read Our Latest Analysis on MRG.UN
Morguard North American Residential Real Estate Investment Trust Price Performance
MRG.UN stock traded down C$0.05 during mid-day trading on Friday, reaching C$18.12. 2,086 shares of the company traded hands, compared to its average volume of 37,956. 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 company has a market capitalization of C$673.16 million, a P/E ratio of 4.79 and a beta of 1.21. Morguard North American Residential Real Estate Investment Trust has a 52-week low of C$14.88 and a 52-week high of C$19.53. The company has a fifty day moving average price of C$18.35 and a 200-day moving average price of C$17.44.
Insider Activity
In other news, insider Sime Armoyan bought 500 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of C$113.00 per share, for a total transaction of C$56,500.00. In the last ninety days, insiders bought 50,200 shares of company stock worth $5,568,197. 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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