Morguard Real Estate Inv. (TSE:MRT.UN) Insider Morguard Corporation Buys 39,400 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation bought 39,400 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average cost of C$5.74 per share, with a total value of C$226,297.84.

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

• On Tuesday, October 15th, Morguard Corporation purchased 4,900 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.65 per share, with a total value of C$27,675.20.
• On Friday, October 11th, Morguard Corporation bought 24,400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.58 per share, with a total value of C$136,132.48.

Morguard Real Estate Inv. Stock Up 0.5 %

MRT.UN stock opened at C$5.81 on Friday. Morguard Real Estate Inv. has a 52 week low of C$5.20 and a 52 week high of C$5.81. The business has a 50-day simple moving average of C$5.50 and a 200 day simple moving average of 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 company has a market cap of C$373.47 million, a PE ratio of -3.50 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on shares of 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.