Morguard Corporation Acquires 16,500 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation bought 16,500 shares of Morguard Real Estate Inv. stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of C$5.50 per share, for a total transaction of C$90,750.00.

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

• On Thursday, November 14th, Morguard Corporation acquired 8,100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost 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 shares were bought at an average cost of C$5.47 per share, for a total transaction of C$49,227.30.
• On Thursday, October 17th, Morguard Corporation acquired 39,400 shares of Morguard Real Estate Inv. stock. The shares were 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 stock was purchased 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 purchased 24,400 shares of Morguard Real Estate Inv. stock. The shares were purchased 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 2.3 %

Shares of MRT.UN stock traded down C$0.13 on Tuesday, reaching C$5.50. 500 shares of the company’s stock were exchanged, compared to its average volume of 11,850. The company’s fifty day simple moving average is C$5.60 and its 200 day simple moving average is C$5.45. The stock has a market capitalization of C$353.54 million, a PE ratio of -3.39 and a beta of 1.40. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a 52 week low of C$5.21 and a 52 week high of C$5.81.

Analysts Set New Price Targets

Separately, TD Securities raised their price objective on shares of 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.