Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$15.43 and traded as high as C$15.60. Morguard North American Residential Real Estate Investment Trust shares last traded at C$15.48, with a volume of 29,886 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. TD Securities reduced their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd.
Check Out Our Latest Analysis on MRG.UN
Morguard North American Residential Real Estate Investment Trust Price Performance
Insider Activity
In other news, insider Sime Armoyan bought 11,100 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average price of C$110.00 per share, with a total value of C$1,221,000.00. Over the last 90 days, insiders acquired 31,700 shares of company stock valued at $3,501,139. Insiders own 25.74% of the company’s stock.
Morguard North American Residential Real Estate Investment Trust Company Profile
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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