Morguard North American Residential REIT (TSE:MRG.UN) had its target price reduced by analysts at TD Securities from C$17.50 to C$17.00 in a report issued on Friday. The firm presently has a “buy” rating on the stock.

Separately, Royal Bank Of Canada upped 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 note on Wednesday, August 2nd.

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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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