Morguard North American Residential REIT (TSE:MRG.UN) Stock Price Crosses Above Two Hundred Day Moving Average of $17.16

Morguard North American Residential REIT (TSE:MRG.UN – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.16 and traded as high as C$17.36. Morguard North American Residential REIT shares last traded at C$17.22, with a volume of 91,617 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on MRG.UN shares. Laurentian lifted their price objective on shares of Morguard North American Residential REIT from C$20.00 to C$21.50 in a research note on Friday, February 17th. TD Securities lifted their target price on shares of Morguard North American Residential REIT from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, April 27th. CIBC lifted their target price 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 report on Friday, February 17th. Finally, Royal Bank of Canada cut their target price on shares of Morguard North American Residential REIT from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Friday, April 28th.

Morguard North American Residential REIT Stock Performance

The stock has a market capitalization of C$670.37 million, a PE ratio of 7.79 and a beta of 1.02. The firm’s fifty day moving average price is C$17.18 and its two-hundred day moving average price is C$17.16. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 100.14.

Morguard North American Residential REIT Company Profile

(Get Rating)

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.