Morguard Corporation Buys 4,900 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation acquired 4,900 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of C$5.65 per share, for a total transaction of C$27,675.20.

Morguard Corporation also recently made the following trade(s):

• On Friday, October 11th, Morguard Corporation purchased 24,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.58 per share, for a total transaction of C$136,132.48.

Morguard Real Estate Inv. Price Performance

Morguard Real Estate Inv. stock opened at C$5.78 on Friday. The business’s 50-day simple moving average is C$5.50 and its 200 day simple moving average is C$5.41. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The stock has a market cap of C$371.54 million, a price-to-earnings ratio of -3.48 and a beta of 1.40. Morguard Real Estate Inv. has a 12-month low of C$5.20 and a 12-month high of C$5.80.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

Morguard Real Estate Inv. Company Profile

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.