Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.27 and traded as high as C$17.73. Morguard North American Residential Real Estate Investment Trust shares last traded at C$17.50, with a volume of 5,982 shares changing hands.
Morguard North American Residential Real Estate Investment Trust Price Performance
The stock has a market capitalization of C$640.47 million, a price-to-earnings ratio of 4.56 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. The company has a 50 day moving average of C$16.97 and a 200 day moving average of C$17.27.
Insiders Place Their Bets
In related news, insider Sime Armoyan bought 6,300 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of C$114.91 per share, for a total transaction of C$723,943.71. Insiders bought 10,276 shares of company stock worth $1,167,841 over the last three months. 26.42% of the stock is owned by insiders.
About Morguard North American Residential Real Estate Investment Trust
(
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The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.
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