Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.97 and traded as high as C$18.80. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.65, with a volume of 28,877 shares trading hands.

Morguard North American Residential Real Estate Investment Trust Stock Down 0.5%

The company has a market cap of C$972.73 million, a P/E ratio of 9.45 and a beta of 0.90. 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 business’s 50 day moving average is C$18.24 and its 200 day moving average is C$17.97.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) last announced its earnings results on Tuesday, February 10th. The company reported C$0.80 earnings per share (EPS) for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%. As a group, equities analysts anticipate that Morguard North American Residential Real Estate Investment Trust will post 1.38795 earnings per share for the current fiscal year.

About Morguard North American Residential Real Estate Investment Trust

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.