Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Stock Price Up 1% – What’s Next?

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) shares shot up 1% during mid-day trading on Wednesday . The company traded as high as $12.19 and last traded at $12.19. 2,790 shares changed hands during trading, a decline of 67% from the average session volume of 8,497 shares. The stock had previously closed at $12.07.

Wall Street Analyst Weigh In

Separately, Desjardins started coverage on Morguard North American Residential Real Estate Investment Trust in a research report on Tuesday, February 4th. They issued a “buy” rating on the stock.

Morguard North American Residential Real Estate Investment Trust Price Performance

The business has a fifty day moving average of $11.55 and a 200 day moving average of $12.56.

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.