Morguard Corporation Buys 2,800 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation bought 2,800 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of C$5.55 per share, for a total transaction of C$15,540.00.

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

• On Monday, November 25th, Morguard Corporation bought 1,200 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.50 per share, with a total value of C$6,600.00.
• On Wednesday, November 20th, Morguard Corporation bought 33,300 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.54 per share, with a total value of C$184,405.41.
• On Monday, November 18th, Morguard Corporation purchased 16,500 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.50 per share, for a total transaction of C$90,750.00.
• On Thursday, November 14th, Morguard Corporation bought 8,100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.60 per share, for a total transaction of C$45,360.00.
• On Tuesday, November 12th, Morguard Corporation bought 9,000 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.47 per share, with a total value of C$49,227.30.
• On Thursday, October 17th, Morguard Corporation purchased 39,400 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.74 per share, for a total transaction of C$226,297.84.
• On Tuesday, October 15th, Morguard Corporation purchased 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.
• 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. Trading Down 1.6 %

Shares of MRT.UN stock opened at C$5.44 on Thursday. The stock has a fifty day simple moving average of C$5.61 and a two-hundred day simple moving average of C$5.46. Morguard Real Estate Inv. has a 52-week low of C$5.21 and a 52-week high of C$5.81. The firm has a market capitalization of C$349.68 million, a PE ratio of -3.33 and a beta of 1.40. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on 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.