Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Stock Price Up 2.2% – Time to Buy?

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) rose 2.2% during trading on Tuesday . The stock traded as high as $13.35 and last traded at $13.35. Approximately 3,200 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 2,700 shares. The stock had previously closed at $13.06.

Analyst Upgrades and Downgrades

MNARF has been the topic of several research analyst reports. TD Securities reiterated a “buy” rating on shares of Morguard North American Residential Real Estate Investment Trust in a research report on Wednesday, October 29th. Royal Bank Of Canada lowered shares of Morguard North American Residential Real Estate Investment Trust to a “sector perform” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Morguard North American Residential Real Estate Investment Trust has an average rating of “Moderate Buy”.

Morguard North American Residential Real Estate Investment Trust Stock Up 2.2%

The stock’s 50 day simple moving average is $12.55 and its two-hundred day simple moving average is $12.95.

About Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trust (OTCMKTS: MNARF) is an open-ended real estate investment trust that owns and operates a diversified portfolio of multi-residential rental properties. Through its sponsor, Morguard Corporation, the trust focuses on acquiring, developing and managing apartment communities in key North American markets. Its asset mix spans mid-rise and high-rise buildings as well as purpose-built rental communities designed to serve a broad tenant base, from young professionals to families and seniors.

The trust leverages the property management and leasing capabilities of Morguard’s in-house team, providing services that include marketing, maintenance and tenant relations.