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

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 39,400 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were bought at an average cost of C$5.74 per share, for a total transaction 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 shares were purchased 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 shares were 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 %

Shares of MRT.UN stock opened at C$5.81 on Monday. The company’s fifty day simple moving average is C$5.50 and its two-hundred day simple moving average is C$5.41. Morguard Real Estate Inv. has a 52 week low of C$5.20 and a 52 week high of C$5.81. The stock has a market cap of C$373.47 million, a P/E ratio of -3.50 and a beta of 1.40. 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 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, September 4th.

About Morguard Real Estate Inv.

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.