Morguard North American Residential REIT (TSE:MRG.UN) Price Target Lowered to C$22.00 at TD Securities

Morguard North American Residential REIT (TSE:MRG.UN) had its price target trimmed by TD Securities from C$23.00 to C$22.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Morguard North American Residential REIT Stock Performance

Morguard North American Residential REIT stock opened at C$15.59 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 92.78. Morguard North American Residential REIT has a 1 year low of C$13.08 and a 1 year high of C$17.72. The company has a market cap of C$588.37 million, a PE ratio of 3.34 and a beta of 1.18. The company’s 50-day moving average is C$15.79 and its two-hundred day moving average is C$14.90.

Insider Buying and Selling at Morguard North American Residential REIT

In related news, insider Sime Armoyan purchased 3,600 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of C$110.00 per share, with a total value of C$396,000.00. In the last three months, insiders have acquired 4,600 shares of company stock worth $505,989. Company insiders own 25.53% of the company’s stock.

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.