Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.55 and traded as low as C$5.55. Morguard Real Estate Inv. shares last traded at C$5.56, with a volume of 13,900 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Tuesday, February 18th.

Morguard Real Estate Inv. Trading Down 1.2 %

The company has a 50-day moving average of C$5.55 and a 200 day moving average of C$5.55. 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 company has a market cap of C$357.40 million, a PE ratio of -3.35 and a beta of 1.40.

Insider Activity

In other news, insider Morguard Corporation bought 50,000 shares of the stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of C$5.48 per share, for a total transaction of C$274,000.00. Insiders purchased 275,900 shares of company stock valued at $1,520,138 in the last ninety days. Insiders own 91.79% of the company’s stock.

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.