Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.63 and traded as high as C$18.77. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.72, with a volume of 18,866 shares trading hands.
Wall Street Analyst Weigh In
Separately, TD Securities increased their price objective 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 report on Wednesday, September 4th.
Get Our Latest Stock Report on MRG.UN
Morguard North American Residential Real Estate Investment Trust Stock Performance
The firm has a market cap of C$703.25 million, a price-to-earnings ratio of 4.95 and a beta of 1.20. 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 company has a 50 day moving average of C$18.23 and a 200 day moving average of C$16.63.
Insider Activity 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 business's stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of C$112.00 per share, with a total value of C$67,200.00. In the last ninety days, insiders have bought 1,600 shares of company stock valued at $177,371. Corporate insiders own 26.28% of the company's stock.
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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