Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.90 and traded as high as C$18.28. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.28, with a volume of 27,884 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MRG.UN shares. Royal Bank Of Canada downgraded shares of Morguard North American Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$20.00 to C$21.00 in a research note on Friday, October 31st. TD Securities upped 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. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Morguard North American Residential Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.33.

Morguard North American Residential Real Estate Investment Trust Stock Down 0.3%

The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The business’s fifty day moving average price is C$17.44 and its two-hundred day moving average price is C$17.90. The firm has a market cap of C$954.76 million, a P/E ratio of 5.22 and a beta of 0.98.

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.