Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) had its price objective dropped by equities researchers at Royal Bank of Canada from C$20.00 to C$19.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price target indicates a potential upside of 26.75% from the stock's previous close.
Separately, TD Securities cut their price objective on Morguard North American Residential REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th.
Check Out Our Latest Research Report on MRG.UN
Morguard North American Residential REIT Stock Up 0.5 %
MRG.UN stock traded up C$0.07 during mid-day trading on Thursday, reaching C$14.99. The company had a trading volume of 38,029 shares, compared to its average volume of 24,837. The company has a debt-to-equity ratio of 92.78, a current ratio of 0.19 and a quick ratio of 0.09. The stock has a 50 day simple moving average of C$15.76 and a two-hundred day simple moving average of C$14.92. The company has a market capitalization of C$565.72 million, a price-to-earnings ratio of 3.21 and a beta of 1.18. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72.
Insider Activity
In other Morguard North American Residential REIT news, insider Sime Armoyan purchased 3,600 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of C$110.00 per share, for a total transaction of C$396,000.00. In the last quarter, insiders have acquired 6,000 shares of company stock worth $659,989. Insiders own 25.53% of the company's stock.
About Morguard North American Residential REIT
(
Get Free Report)
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.
Featured Articles
Before you consider Morguard North American Residential Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morguard North American Residential Real Estate Investment Trust wasn't on the list.
While Morguard North American Residential Real Estate Investment Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
