Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.96 and traded as high as C$18.40. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.32, with a volume of 12,592 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, TD Securities increased their price target 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.
Get Our Latest Report on Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust Stock Performance
The company's fifty day moving average is C$18.68 and its 200 day moving average is C$16.96. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The company has a market capitalization of C$675.76 million, a P/E ratio of 4.85 and a beta of 1.21.
Insider Activity
In other news, insider Sime Armoyan purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction dated Thursday, September 5th. The stock was 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 owned by company insiders.
Morguard North American Residential Real Estate Investment Trust Company Profile
(
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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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