Morguard North American Residential REIT (TSE:MRG.UN) had its price target raised by analysts at TD Securities from C$17.00 to C$18.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock.

Separately, Eight Capital raised Morguard North American Residential REIT from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$17.50 to C$18.50 in a research report on Thursday, May 4th.

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About Morguard North American Residential REIT

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.

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