Morguard Real Estate Inv. (TSE:MRT.UN) Insider Morguard Corporation Buys 24,400 Shares

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 24,400 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were bought at an average price of C$5.58 per share, with a total value of C$136,132.48.

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

• On Tuesday, October 15th, Morguard Corporation acquired 4,900 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.65 per share, with a total value of C$27,675.20.

Morguard Real Estate Inv. Price Performance

TSE MRT.UN opened at C$5.70 on Thursday. Morguard Real Estate Inv. has a twelve month low of C$5.20 and a twelve month high of C$5.80. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. The stock has a market capitalization of C$366.40 million, a PE ratio of -3.41 and a beta of 1.40. The stock has a 50-day simple moving average of C$5.48 and a 200 day simple moving average of C$5.40.

Analyst Upgrades and Downgrades

Separately, TD Securities boosted 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 research 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.