Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock Crosses Above 200-Day Moving Average – What’s Next?

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.97 and traded as high as C$18.80. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.65, with a volume of 28,877 shares trading hands.

Morguard North American Residential Real Estate Investment Trust Price Performance

The firm has a market cap of C$967.51 million, a PE ratio of 9.40 and a beta of 0.90. The stock’s fifty day moving average price is C$18.27 and its 200-day moving average price is C$17.97. 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 (TSE:MRG.UN) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$0.80 EPS for the quarter. Morguard North American Residential Real Estate Investment Trust had a return on equity of 6.98% and a net margin of 40.48%. As a group, equities analysts forecast that Morguard North American Residential Real Estate Investment Trust will post 1.38795 EPS for the current fiscal year.

About Morguard North American Residential Real Estate Investment Trust

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.