Morguard North American Residential REIT (MRG.UN) Rating Lowered to Hold at TD Securities

Share on StockTwits

TD Securities downgraded shares of Morguard North American Residential REIT (TSE:MRG.UN) from a buy rating to a hold rating in a research note published on Monday.

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 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.

See Also: What is a Roth IRA?

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.

Leave a Reply