Morguard North American Residential REIT (TSE:MRG.UN) Price Target Cut to C$22.00

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

Morguard North American Residential REIT Trading Down 0.3 %

MRG.UN opened at C$15.50 on Wednesday. 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 current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 92.78. The company has a market cap of C$584.97 million, a P/E ratio of 3.32 and a beta of 1.18. The company has a fifty day moving average price of C$15.80 and a two-hundred day moving average price of C$14.91.

Insider Buying and Selling at Morguard North American Residential REIT

In other Morguard North American Residential REIT news, insider Sime Armoyan acquired 400 shares of Morguard North American Residential REIT stock in a transaction dated Thursday, February 29th. The stock was purchased at an average cost of C$110.00 per share, for a total transaction of C$43,998.52. Over the last ninety days, insiders purchased 4,700 shares of company stock valued at $516,989. Corporate insiders own 25.53% of the company’s stock.

Morguard North American Residential REIT Company Profile

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.