Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.48 and traded as high as C$18.85. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.69, with a volume of 25,807 shares.
Analyst Ratings Changes
Separately, TD Securities raised their target price on 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.
Get Our Latest Analysis on MRG.UN
Morguard North American Residential Real Estate Investment Trust Stock Performance
The firm has a market cap of C$694.33 million, a price-to-earnings ratio of 4.94 and a beta of 1.20. 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 firm's fifty day moving average price is C$18.00 and its 200-day moving average price is C$16.50.
Insider Activity at Morguard North American Residential Real Estate Investment Trust
In related news, insider Sime Armoyan bought 800 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of C$109.96 per share, for a total transaction of C$87,970.96. Insiders have purchased 2,000 shares of company stock worth $221,523 over the last quarter. 26.28% 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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