Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys 24,200 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 24,200 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of C$5.50 per share, with a total value of C$133,100.00.

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

• On Monday, December 16th, Morguard Corporation bought 15,800 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$86,887.36.
• On Thursday, December 12th, Morguard Corporation acquired 9,900 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$54,450.00.
• On Monday, December 9th, Morguard Corporation bought 24,000 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.60 per share, for a total transaction of C$134,332.80.
• On Wednesday, December 4th, Morguard Corporation purchased 7,200 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.50 per share, with a total value of C$39,600.00.
• On Monday, December 2nd, Morguard Corporation acquired 17,500 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.50 per share, for a total transaction of C$96,250.00.
• On Wednesday, November 27th, Morguard Corporation bought 7,500 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price of C$5.47 per share, with a total value of C$41,028.00.
• On Monday, November 25th, Morguard Corporation purchased 1,200 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.50 per share, for a total transaction of C$6,600.00.
• On Friday, November 22nd, Morguard Corporation acquired 2,800 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.55 per share, with a total value of C$15,540.00.
• On Wednesday, November 20th, Morguard Corporation bought 33,300 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price 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 bought at an average price of C$5.50 per share, for a total transaction of C$90,750.00.

Morguard Real Estate Inv. Stock Performance

TSE:MRT.UN remained flat at C$5.50 during mid-day trading on Thursday. 16,332 shares of the company traded hands, compared to its average volume of 12,096. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04. The stock’s 50 day moving average is C$5.58 and its 200 day moving average is C$5.48. The stock has a market capitalization of C$353.54 million, a PE ratio of -3.31 and a beta of 1.40. Morguard Real Estate Inv. has a 12-month low of C$5.25 and a 12-month high of C$5.81.

Analyst Ratings Changes

Separately, TD Securities upped 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.