Morguard North American (TSE:MRG) Upgraded to “Strong-Buy” by Cibc World Mkts

Morguard North American (TSE:MRG) was upgraded by analysts at Cibc World Mkts to a “strong-buy” rating in a report issued on Friday, Zacks.com reports.

Morguard North American Stock Performance

Morguard North American has a 12 month low of C$13.17 and a 12 month high of C$16.21.

About Morguard North American

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.