Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.08 and traded as high as C$18.56. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.42, with a volume of 15,860 shares changing hands.
Wall Street Analyst Weigh In
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 research report on Wednesday, September 4th.
Check Out Our Latest Stock Analysis on MRG.UN
Morguard North American Residential Real Estate Investment Trust Price Performance
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 firm's fifty day moving average price is C$18.68 and its 200 day moving average price is C$17.09. The stock has a market cap of C$684.30 million, a PE ratio of 4.87 and a beta of 1.21.
Insider Buying and Selling at Morguard North American Residential Real Estate Investment Trust
In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan bought 600 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of C$112.00 per share, for a total transaction of C$67,200.00. 26.42% of the stock is currently owned by company 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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