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

Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.44 and traded as high as C$18.17. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.17, with a volume of 9,670 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Desjardins upped their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$22.00 in a research note on Friday. TD Securities upped their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.3%

The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The stock has a market capitalization of C$675.02 million, a P/E ratio of 4.81 and a beta of 1.21. The stock’s 50 day simple moving average is C$18.35 and its 200 day simple moving average is C$17.44.

Insider Buying and Selling

In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan purchased 43,630 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of C$113.43 per share, for a total transaction of C$4,949,055.61. In the last 90 days, insiders have acquired 50,200 shares of company stock worth $5,568,197. Corporate insiders own 26.42% of the company’s stock.

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.