Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Share Price Passes Above 200-Day Moving Average of $15.43

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$15.43 and traded as high as C$15.60. Morguard North American Residential Real Estate Investment Trust shares last traded at C$15.48, with a volume of 29,886 shares traded.

Analyst Ratings Changes

Several research analysts have commented on MRG.UN shares. Royal Bank of Canada dropped their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. TD Securities cut their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a report on Wednesday, April 24th.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 92.48, a current ratio of 0.15 and a quick ratio of 0.09. The company has a market cap of C$582.20 million, a PE ratio of 3.37 and a beta of 1.18. The business has a fifty day simple moving average of C$15.48 and a two-hundred day simple moving average of C$15.43.

Insider Transactions at Morguard North American Residential Real Estate Investment Trust

In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan acquired 1,300 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average price of C$110.00 per share, for a total transaction of C$143,000.00. Insiders have bought a total of 31,700 shares of company stock valued at $3,501,139 in the last 90 days. Insiders own 25.74% of the company’s stock.

Morguard North American Residential Real Estate Investment Trust Company Profile

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.