Separately, CIBC lifted their target price on shares of Morguard North American Residential REIT from C$18.00 to C$19.00 in a research report on Friday, November 2nd.
TSE MRG.UN opened at C$16.62 on Monday. Morguard North American Residential REIT has a 52-week low of C$13.17 and a 52-week high of C$16.21.
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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