Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Stock Price Down 4.5% – What’s Next?

Morguard Real Estate Investment Trust (OTCMKTS:MGRUFGet Free Report)’s share price was down 4.5% during mid-day trading on Thursday . The stock traded as low as $4.47 and last traded at $4.71. Approximately 2,900 shares traded hands during mid-day trading, an increase of 274% from the average daily volume of 775 shares. The stock had previously closed at $4.93.

Morguard Real Estate Investment Trust Price Performance

The stock’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $4.31.

Morguard Real Estate Investment Trust Company Profile

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Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.

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