Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) PT Raised to C$6.50

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF – Get Rating) had its price target boosted by TD Securities from C$6.00 to C$6.50 in a research report sent to investors on Friday morning, The Fly reports.

Separately, Royal Bank of Canada boosted their price objective on Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$23.00 in a report on Thursday, February 17th.

OTCMKTS:MNARF opened at $15.20 on Friday. Morguard North American Residential Real Estate Investment Trust has a 52 week low of $12.71 and a 52 week high of $16.03. The stock’s fifty day moving average is $15.43 and its two-hundred day moving average is $14.62.

About Morguard North American Residential Real Estate Investment Trust (Get Rating)

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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