Morguard Corporation Purchases 9,000 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of C$5.47 per share, for a total transaction of C$49,227.30.

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

• On Thursday, October 17th, Morguard Corporation acquired 39,400 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.74 per share, with a total value of C$226,297.84.
• On Tuesday, October 15th, Morguard Corporation bought 4,900 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.65 per share, for a total transaction of C$27,675.20.
• On Friday, October 11th, Morguard Corporation acquired 24,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.58 per share, for a total transaction of C$136,132.48.

Morguard Real Estate Inv. Stock Performance

Shares of MRT.UN stock opened at C$5.60 on Friday. Morguard Real Estate Inv. has a fifty-two week low of C$5.21 and a fifty-two week high of C$5.81. The stock’s 50-day moving average is C$5.59 and its two-hundred day moving average is C$5.44. 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 firm has a market cap of C$359.97 million, a P/E ratio of -3.37 and a beta of 1.40.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “hold” rating in a report 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.