Morguard Real Estate Inv. (TSE:MRT.UN) Insider Acquires C$11,233.95 in Stock

Posted by Phillip Gast on Sep 8th, 2024

Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) insider Sime Armoyan purchased 2,100 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of C$5.35 per share, for a total transaction of C$11,233.95.

Sime Armoyan also recently made the following trade(s):

On Thursday, August 22nd, Sime Armoyan purchased 20,700 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.33 per share, with a total value of C$110,384.82.
On Thursday, August 15th, Sime Armoyan purchased 6,300 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.32 per share, for a total transaction of C$33,516.00.
On Friday, August 9th, Sime Armoyan bought 11,300 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.33 per share, for a total transaction of C$60,225.61.
On Tuesday, August 6th, Sime Armoyan acquired 4,400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.33 per share, for a total transaction of C$23,452.00.
On Tuesday, July 23rd, Sime Armoyan bought 2,900 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.32 per share, for a total transaction of C$15,428.00.
On Monday, July 15th, Sime Armoyan bought 500 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.32 per share, for a total transaction of C$2,660.00.
On Friday, July 12th, Sime Armoyan acquired 100 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.30 per share, for a total transaction of C$530.00.
On Monday, July 8th, Sime Armoyan bought 3,900 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.33 per share, with a total value of C$20,787.00.
On Thursday, July 4th, Sime Armoyan acquired 1,500 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.33 per share, with a total value of C$7,995.00.
On Tuesday, July 2nd, Sime Armoyan acquired 4,000 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.30 per share, for a total transaction of C$21,200.00.

Morguard Real Estate Inv. Stock Performance

Shares of TSE MRT.UN traded up C$0.01 during midday trading on Friday, reaching C$5.35. 2,315 shares of the stock were exchanged, compared to its average volume of 11,179. The firm has a market cap of C$343.90 million, a price-to-earnings ratio of -3.22 and a beta of 1.40. Morguard Real Estate Inv. has a twelve month low of C$5.20 and a twelve month high of C$5.74. The firm has a 50-day simple moving average of C$5.35 and a two-hundred day simple moving average of C$5.35. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price objective on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research note on Wednesday.

View Our Latest Research Report on MRT.UN

Morguard Real Estate Inv. Company Profile

(Get Free Report)

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.