Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Short Interest Down 18.5% in August

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARFGet Rating) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 115,700 shares, a drop of 18.5% from the August 15th total of 142,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1,157.0 days.

Wall Street Analysts Forecast Growth

MNARF has been the topic of several research reports. Royal Bank of Canada raised their target price on Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$25.00 in a research report on Friday, July 29th. TD Securities raised their target price on Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$22.00 in a research report on Thursday, July 28th.

Morguard North American Residential Real Estate Investment Trust Trading Up 0.3 %

Shares of Morguard North American Residential Real Estate Investment Trust stock opened at $12.86 on Monday. Morguard North American Residential Real Estate Investment Trust has a one year low of $12.47 and a one year high of $16.03. The business’s 50 day moving average price is $13.10 and its 200 day moving average price is $14.12.

Morguard North American Residential Real Estate Investment Trust Company Profile

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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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