Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.43 and traded as high as C$15.60. Morguard North American Residential Real Estate Investment Trust shares last traded at C$15.48, with a volume of 29,886 shares traded.
Analysts Set New Price Targets
A number of analysts recently weighed in on MRG.UN shares. TD Securities decreased their price target on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research note on Wednesday, April 24th. Royal Bank of Canada reduced their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd.
View Our Latest Report on MRG.UN
Morguard North American Residential Real Estate Investment Trust Trading Up 0.3 %
Insider Transactions at Morguard North American Residential Real Estate Investment Trust
In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan purchased 11,100 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction on Monday, June 17th. The shares were bought at an average price of C$110.00 per share, with a total value of C$1,221,000.00. Insiders bought 31,700 shares of company stock valued at $3,501,139 in the last 90 days. 25.74% of the stock is currently owned by insiders.
About Morguard North American Residential Real Estate Investment Trust
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.
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