Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.96 and traded as high as C$18.40. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.32, with a volume of 12,592 shares.

Analyst Ratings Changes

Separately, TD Securities upped their target price 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 report on Wednesday, September 4th.

Morguard North American Residential Real Estate Investment Trust Trading Down 0.7 %

The business has a 50-day moving average price of C$18.68 and a two-hundred day moving average price of C$16.98. The company has a market cap of C$675.76 million, a P/E ratio of 4.81 and a beta of 1.21. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54.

Insider Buying and Selling at Morguard North American Residential Real Estate Investment Trust

In related news, insider Sime Armoyan purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of C$112.00 per share, for a total transaction of C$67,200.00. Corporate insiders own 26.42% of the company’s stock.

About Morguard North American Residential Real Estate Investment Trust

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.