Morguard North American Residential REIT (MRG.UN) Price Target Cut to C$17.50
Morguard North American Residential REIT (TSE:MRG.UN) had its price target dropped by research analysts at TD Securities from C$18.00 to C$17.50 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock.
A number of other equities research analysts have also recently issued reports on MRG.UN. Royal Bank Of Canada upped their price objective on shares of Morguard North American Residential REIT from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Eight Capital raised shares of Morguard North American Residential REIT from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$17.50 to C$18.50 in a research note on Thursday, May 4th.
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.
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