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Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Passes Above 200-Day Moving Average - Here's Why

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 Monday . The stock has a 200-day moving average of C$17.68 and traded as high as C$17.72. Morguard North American Residential Real Estate Investment Trust shares last traded at C$17.49, with a volume of 55,855 shares traded.

Morguard North American Residential Real Estate Investment Trust Trading Up 0.5 %

The stock has a market cap of C$652.73 million, a price-to-earnings ratio of 4.65 and a beta of 1.21. The business has a fifty day simple moving average of C$17.97 and a 200 day simple moving average of C$17.70. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80.

About Morguard North American Residential Real Estate Investment Trust

(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.

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