Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.73 and traded as low as C$16.93. Morguard North American Residential Real Estate Investment Trust shares last traded at C$17.15, with a volume of 28,166 shares.

Morguard North American Residential Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$908.05 million, a P/E ratio of 8.82 and a beta of 0.91. The business has a fifty day moving average of C$17.88 and a 200-day moving average of C$17.71. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$0.80 earnings per share (EPS) for the quarter. The firm had revenue of C$88.17 million during 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%. On average, sell-side analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current fiscal year.

About Morguard North American Residential Real Estate Investment Trust

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.