Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Shares Up 2.2% – What’s Next?

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF)’s share price rose 2.2% during mid-day trading on Tuesday . The company traded as high as $13.35 and last traded at $13.35. Approximately 3,200 shares traded hands during trading, an increase of 19% from the average daily volume of 2,700 shares. The stock had previously closed at $13.06.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MNARF shares. Royal Bank Of Canada lowered Morguard North American Residential Real Estate Investment Trust to a “sector perform” rating in a research note on Friday, October 31st. TD Securities reaffirmed a “buy” rating on shares of Morguard North American Residential Real Estate Investment Trust in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Morguard North American Residential Real Estate Investment Trust Stock Up 2.2%

The company has a 50 day moving average of $12.55 and a two-hundred day moving average of $12.95.

Morguard North American Residential Real Estate Investment Trust Company Profile

Morguard North American Residential Real Estate Investment Trust (OTCMKTS: MNARF) is an open-ended real estate investment trust that owns and operates a diversified portfolio of multi-residential rental properties. Through its sponsor, Morguard Corporation, the trust focuses on acquiring, developing and managing apartment communities in key North American markets. Its asset mix spans mid-rise and high-rise buildings as well as purpose-built rental communities designed to serve a broad tenant base, from young professionals to families and seniors.

The trust leverages the property management and leasing capabilities of Morguard’s in-house team, providing services that include marketing, maintenance and tenant relations.