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

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.92 and traded as high as C$18.28. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.19, with a volume of 30,873 shares traded.

Wall Street Analyst Weigh In

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

Morguard North American Residential Real Estate Investment Trust Stock Performance

The stock has a market cap of C$948.66 million, a price-to-earnings ratio of 5.20 and a beta of 0.98. 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’s 50-day simple moving average is C$17.21 and its 200-day simple moving average is C$17.91.

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.