Morguard North American Residential REIT (TSE:MRG.UN) PT Lowered to C$22.00

Morguard North American Residential REIT (TSE:MRG.UN) had its price objective decreased by TD Securities from C$23.00 to C$22.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Morguard North American Residential REIT Stock Up 0.3 %

Shares of TSE MRG.UN opened at C$15.59 on Wednesday. The business has a 50-day simple moving average of C$15.79 and a two-hundred day simple moving average of C$14.90. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72. The company has a market cap of C$588.37 million, a P/E ratio of 3.34 and a beta of 1.18. The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 92.78.

Insider Buying and Selling at Morguard North American Residential REIT

In other Morguard North American Residential REIT news, insider Sime Armoyan purchased 400 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of C$110.00 per share, with a total value of C$43,998.52. Insiders have acquired a total of 4,600 shares of company stock valued at $505,989 in the last 90 days. Corporate insiders own 25.53% of the company’s stock.

About Morguard North American Residential REIT

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.