Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.89 and traded as high as C$18.38. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.32, with a volume of 42,344 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MRG.UN. Royal Bank Of Canada downgraded Morguard North American Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$20.00 to C$21.00 in a research note on Friday, October 31st. TD Securities boosted their price target on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$22.33.

Morguard North American Residential Real Estate Investment Trust Price Performance

The company’s 50-day simple moving average is C$17.61 and its 200 day simple moving average is C$17.89. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The stock has a market capitalization of C$956.85 million, a price-to-earnings ratio of 5.24 and a beta of 0.90.

Morguard North American Residential Real Estate Investment Trust Company Profile

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.