Closing Bell: Morguard Na Residential REIT Units down on Wednesday (MRG-UN)

Today, shares of Morguard Na Residential REIT Units opened at $16.57 and closed at $16.53. It traded at a low of $16.41 to a high of $16.75.

Share prices eased -1.02% from the previous day's close of $16.70.

During the day across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

Morguard Na Residential REIT Units has listed on the Toronto Stock Exchange (TSX) under the ticker MRG-UN.

Trading volume was 27,140 on 143 total trades. On average, Morguard Na Residential REIT Units has traded 27,867 shares over the last 5-days and 27,881 year-to-date.

Trading across the entire TSX saw 1,858 price advancers against 3,319 declines and 108 unchanged.

During the prior 52 weeks, MRG-UN.TO has traded as high as $17.16 (July 24,2024) and low as $13.08 (November 22,2023). Moreover, the shares have boosted 4.75% in the last 12 months, while they have advanced 11.92% since the start of 2024.

It announced a 0.06 dividend on July 15/24, with an July 31/24 ex-date and August 15/24 pay day.

Following today's trading, Morguard Na Residential REIT Units has a market capitalization of $620.45 million on a float of 37,153 shares outstanding. Its annual EPS is $3.78.

Morguard Na Residential REIT Units is a TSX REIT company headquartered in Mississauga, CAN.

Currently, Morguard Na Residential REIT Units's consensus rating is "Strong Buy" based on 3 analysts according to Zacks. Currently, there are 3 buy ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..