Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys C$45,360.00 in Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 8,100 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of C$5.60 per share, for a total transaction of C$45,360.00.

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

• On Tuesday, November 12th, Morguard Corporation bought 9,000 shares of Morguard Real Estate Inv. stock. The shares were acquired 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 acquired 39,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price 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 bought at an average price 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 bought at an average price of C$5.58 per share, with a total value of C$136,132.48.

Morguard Real Estate Inv. Stock Performance

TSE MRT.UN opened at C$5.55 on Friday. The firm has a market cap of C$356.75 million, a P/E ratio of -3.34 and a beta of 1.40. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The company’s 50 day moving average is C$5.60 and its 200-day moving average is C$5.44. Morguard Real Estate Inv. has a 12-month low of C$5.21 and a 12-month high of C$5.81.

Analysts Set New Price Targets

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 research 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.