Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) Shares Down 4.5% – What’s Next?

Morguard Real Estate Investment Trust (OTCMKTS:MGRUF) shares fell 4.5% during mid-day trading on Thursday . The stock traded as low as $4.47 and last traded at $4.71. 2,900 shares changed hands during trading, an increase of 274% from the average session volume of 775 shares. The stock had previously closed at $4.93.

Morguard Real Estate Investment Trust Stock Down 4.5%

The stock has a 50-day simple moving average of $4.60 and a 200 day simple moving average of $4.31.

About Morguard Real Estate Investment Trust

Morguard Real Estate Investment Trust is an open-ended, unincorporated real estate investment trust organized under Canadian law. It acquires, owns and manages a diversified portfolio of income-producing properties across major markets in Canada. The trust is sponsored and managed by Morguard Asset Management Limited, drawing on the broader Morguard organization’s expertise in property management, development and leasing services.

The trust’s portfolio encompasses four primary property types: retail, office, industrial and multi-residential.