Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Trading Down 0.4% – Should You Sell?

Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF)’s stock price traded down 0.4% during trading on Thursday . The stock traded as low as $13.77 and last traded at $13.77. 5,038 shares were traded during mid-day trading, an increase of 65% from the average session volume of 3,049 shares. The stock had previously closed at $13.8185.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut Morguard North American Residential Real Estate Investment Trust to a “sector perform” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Morguard North American Residential Real Estate Investment Trust currently has a consensus rating of “Moderate Buy”.

Morguard North American Residential Real Estate Investment Trust Price Performance

The stock’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $13.00.

Morguard North American Residential Real Estate Investment Trust Company Profile

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.