Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.54 and traded as high as C$16.56. Morguard North American Residential Real Estate Investment Trust shares last traded at C$16.28, with a volume of 24,250 shares.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on MRG.UN. Royal Bank of Canada dropped their target price on 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 report on Thursday, May 2nd. TD Securities cut their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research report on Wednesday, April 24th.
View Our Latest Analysis on MRG.UN
Morguard North American Residential Real Estate Investment Trust Trading Up 1.2 %
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 300 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of C$111.00 per share, for a total transaction of C$33,299.01. Insiders have acquired a total of 32,400 shares of company stock valued at $3,578,501 over the last 90 days. 25.74% of the stock is owned by corporate insiders.
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.
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