Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.87 and traded as high as C$18.99. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.20, with a volume of 48,160 shares traded.
Wall Street Analyst Weigh In
Separately, TD Securities boosted 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 company a "buy" rating in a research report on Wednesday, September 4th.
Read Our Latest Stock Report on Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust Price Performance
The firm has a market capitalization of C$677.99 million, a P/E ratio of 4.81 and a beta of 1.21. The company has a fifty day moving average of C$18.66 and a 200 day moving average of C$16.87. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09.
Insider Buying and Selling at Morguard North American Residential Real Estate Investment Trust
In related news, insider Sime Armoyan purchased 800 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of C$109.96 per share, with a total value of C$87,970.96. Over the last three months, insiders have acquired 1,600 shares of company stock valued at $177,371. 26.42% of the stock is currently owned by company insiders.
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.
Further Reading
Before you consider Morguard North American Residential Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morguard North American Residential Real Estate Investment Trust wasn't on the list.
While Morguard North American Residential Real Estate Investment Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
