Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.91 and traded as high as C$18.94. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.61, with a volume of 48,249 shares.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MRG.UN. TD Securities boosted their target price on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada downgraded Morguard North American Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$20.00 to C$21.00 in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.33.

Morguard North American Residential Real Estate Investment Trust Stock Down 1.3%

The firm has a 50 day moving average of C$17.80 and a two-hundred day moving average of C$17.91. The stock has a market capitalization of C$970.57 million, a PE ratio of 9.43 and a beta of 0.90. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last posted its earnings results on Tuesday, February 10th. The company reported C$0.80 EPS for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%.The company had revenue of C$88.17 million for the quarter. Equities research analysts anticipate that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current year.

Morguard North American Residential Real Estate Investment Trust Company Profile

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.