Morguard North American Residential REIT (TSE:MRG.UN) Stock Crosses Above Two Hundred Day Moving Average of $16.60

Shares of Morguard North American Residential REIT (TSE:MRG.UN – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.60 and traded as high as C$18.59. Morguard North American Residential REIT shares last traded at C$18.59, with a volume of 28,745 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Securities raised their price target on Morguard North American Residential REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Laurentian upped their target price on Morguard North American Residential REIT from C$20.00 to C$21.50 in a research note on Friday, February 17th. CIBC upped their price target on shares of Morguard North American Residential REIT from C$20.00 to C$23.50 and gave the company an “outperform” rating in a research report on Friday, February 17th. Finally, Royal Bank of Canada increased their price objective on shares of Morguard North American Residential REIT from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th.

Morguard North American Residential REIT Stock Up 1.0 %

The company has a quick ratio of 0.09, a current ratio of 0.74 and a debt-to-equity ratio of 95.00. The company’s 50 day moving average is C$17.80 and its two-hundred day moving average is C$16.60. The company has a market capitalization of C$726.13 million, a PE ratio of 3.30 and a beta of 1.06.

About Morguard North American Residential REIT

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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.