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$17.91 and traded as high as C$18.28. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.24, with a volume of 12,573 shares trading hands.

Analyst Ratings Changes

MRG.UN has been the subject of several recent research reports. TD Securities raised their target price 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 report on Wednesday, October 29th. Royal Bank Of Canada lowered Morguard North American Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$20.00 to C$21.00 in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$22.33.

Morguard North American Residential Real Estate Investment Trust Stock Performance

The firm’s 50 day moving average is C$17.32 and its 200-day moving average is C$17.91. The stock has a market capitalization of C$952.68 million, a price-to-earnings ratio of 5.21 and a beta of 0.98. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80.

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.