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

Shares of Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) traded down 0.4% during trading on Wednesday . The stock traded as low as $11.46 and last traded at $11.46. 4,400 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 5,686 shares. The stock had previously closed at $11.51.

Analyst Upgrades and Downgrades

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

Morguard North American Residential Real Estate Investment Trust Stock Performance

The company’s 50 day moving average is $11.59 and its 200 day moving average is $11.99.

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.