Desjardins Upgrades Morguard North American (TSE:MRG) to Moderate Buy

Morguard North American (TSE:MRG) was upgraded by Desjardins to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

Morguard North American Stock Performance

Morguard North American has a 52-week low of C$13.17 and a 52-week high of C$16.21.

Morguard North American 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.