Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Price Target Raised to $20.00

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) had its price objective upped by Royal Bank of Canada from $18.00 to $20.00 in a research report sent to investors on Thursday, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the stock.

OTCMKTS MNARF opened at $10.50 on Thursday. The firm has a 50-day simple moving average of $10.39 and a 200 day simple moving average of $11.38. Morguard North American Residential Real Estate Investment Trust has a twelve month low of $7.40 and a twelve month high of $15.54.

About Morguard North American Residential Real Estate Investment Trust

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.

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