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Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Morguard North American Residential Real Estate Investment Trust logo with Real Estate background

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.25 and traded as high as C$18.29. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.12, with a volume of 132,085 shares traded.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The stock has a market cap of C$680.96 million, a PE ratio of 4.85 and a beta of 1.21. The firm's 50-day moving average is C$17.05 and its 200 day moving average is C$17.25. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80.

Insider Buying and Selling at Morguard North American Residential Real Estate Investment Trust

In other news, insider Sime Armoyan purchased 1,400 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$114.00 per share, for a total transaction of C$159,600.98. Company insiders own 26.42% of the company's stock.

About Morguard North American Residential Real Estate Investment Trust

(Get Free Report)

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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