Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Stock Price Up 0.4% – Here’s What Happened

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF)’s stock price shot up 0.4% during trading on Monday . The stock traded as high as $11.30 and last traded at $11.30. 81,960 shares were traded during trading, an increase of 473% from the average session volume of 14,300 shares. The stock had previously closed at $11.26.

Wall Street Analysts Forecast Growth

Separately, Desjardins began coverage on Morguard North American Residential Real Estate Investment Trust in a research note on Tuesday, February 4th. They set a “buy” rating for the company.

Morguard North American Residential Real Estate Investment Trust Trading Up 0.4 %

The company has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $12.73.

Morguard North American Residential Real Estate Investment Trust Company Profile

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.