Morguard North American Residential REIT (TSE:MRG.UN) Stock Price Passes Above 200 Day Moving Average of $0.00

Morguard North American Residential REIT (TSE:MRG.UN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $19.65. Morguard North American Residential REIT shares last traded at $19.64, with a volume of 38,733 shares.

Several research firms have recently issued reports on MRG.UN. Laurentian upped their price target on Morguard North American Residential REIT from C$21.00 to C$22.50 in a research note on Friday, August 2nd. CIBC upped their price target on Morguard North American Residential REIT from C$19.50 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Echelon Wealth Partners reiterated a “buy” rating and set a C$21.00 price target on shares of Morguard North American Residential REIT in a research note on Thursday, August 1st. TD Securities upped their price target on Morguard North American Residential REIT from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upped their price target on Morguard North American Residential REIT from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st.

The business’s 50 day moving average is C$19.45. The firm has a market cap of $661.45 million and a PE ratio of 3.84. The company has a debt-to-equity ratio of 149.01, a quick ratio of 0.14 and a current ratio of 0.24.

About Morguard North American Residential REIT (TSE:MRG.UN)

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.

See Also: How does quantitative easing work?

Receive News & Ratings for Morguard North American Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard North American Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.