TD Securities raises Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) price target to C$22.00


Morguard North American Residential Real Estate Investment Trust (OTCMKTS: MNARF – Get a Rating) saw its price target raised by TD Securities analysts from C$21.00 to C$22.00 in a report on Thursday, reports The Fly.

Separately, Royal Bank of Canada raised its price target on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$24.00 in a Friday, April 29 research note.

Morguard North American Residential Real Estate Investment Trust Stock Performance

Shares of Morguard North American Residential Real Estate Investment Trust opened at $12.88 on Thursday. The company’s 50-day simple moving average is $13.59 and its 200-day simple moving average is $14.39. Morguard North American Residential Real Estate Investment Trust has a 12 month low of $12.50 and a 12 month high of $16.03.

Morguard North American Residential Real Estate Investment Trust Corporate Profile

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The REIT is an unincorporated, open-ended real estate investment trust formed under and governed by the laws of the Province of Ontario. The REIT’s units trade on the Toronto Stock Exchange under the symbol MRG.UN. With a strategic focus on acquiring high-quality multi-unit 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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