Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.39 and traded as high as C$5.56. Morguard Real Estate Inv. shares last traded at C$5.45, with a volume of 6,881 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price target 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. Stock Performance

The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The business has a fifty day moving average of C$5.46 and a 200-day moving average of C$5.39. The company has a market cap of C$350.33 million, a PE ratio of -3.28 and a beta of 1.40.

Insider Activity

In related news, insider Sime Armoyan acquired 19,800 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of C$5.35 per share, for a total transaction of C$105,930.00. Over the last three months, insiders have acquired 77,500 shares of company stock valued at $413,603. Company insiders own 91.79% of the company’s stock.

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.