Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Stock Price Down 4.5% – Time to Sell?

Shares of Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) were down 4.5% on Wednesday . The stock traded as low as $12.18 and last traded at $12.18. Approximately 700 shares were traded during trading, a decline of 76% from the average daily volume of 2,969 shares. The stock had previously closed at $12.75.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Securities reiterated a “buy” rating on shares of Morguard North American Residential Real Estate Investment Trust in a research note on Wednesday, October 29th. Royal Bank Of Canada downgraded shares of Morguard North American Residential Real Estate Investment Trust to a “sector perform” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Morguard North American Residential Real Estate Investment Trust Stock Down 4.5%

The stock has a 50 day simple moving average of $12.36 and a two-hundred day simple moving average of $13.02.

About Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trust (OTCMKTS: MNARF) is an open-ended real estate investment trust that owns and operates a diversified portfolio of multi-residential rental properties. Through its sponsor, Morguard Corporation, the trust focuses on acquiring, developing and managing apartment communities in key North American markets. Its asset mix spans mid-rise and high-rise buildings as well as purpose-built rental communities designed to serve a broad tenant base, from young professionals to families and seniors.

The trust leverages the property management and leasing capabilities of Morguard’s in-house team, providing services that include marketing, maintenance and tenant relations.