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: MNARFGet a rating) had its price target raised by TD Securities from C$6.00 to C$6.50 in a research report sent to investors on Friday morning, Fly reports.

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

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 a rating)

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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