Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.38 and traded as high as C$19.43. Morguard North American Residential Real Estate Investment Trust shares last traded at C$19.19, with a volume of 32,009 shares traded.
Wall Street Analyst Weigh In
Separately, TD Securities boosted their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th.
Check Out Our Latest Stock Report on Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust Price Performance
The company has a 50-day moving average of C$17.75 and a 200-day moving average of C$16.38. The stock has a market cap of C$705.11 million, a price-to-earnings ratio of 5.08 and a beta of 1.20. 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
In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan bought 600 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of C$112.00 per share, with a total value of C$67,200.00. Insiders bought 2,400 shares of company stock valued at $265,723 over the last ninety days. Corporate insiders own 26.05% of the company's stock.
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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