Morguard North American Residential REIT (TSE:MRG.UN) had its target price cut by equities researchers at TD Securities from C$18.00 to C$17.50 in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock.

Other analysts have also recently issued reports about the company. Eight Capital raised Morguard North American Residential REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the company from C$17.50 to C$18.50 in a research report on Thursday, May 4th. Royal Bank Of Canada lifted their price objective on Morguard North American Residential REIT from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/08/morguard-north-american-residential-reit-mrg-un-given-new-c17-50-price-target-at-td-securities.html.

Morguard North American Residential REIT Company Profile

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.

Receive News & Ratings for Morguard North American Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard North American Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.