Morguard Real Estate Inv. (TSE:MRT.UN) Price Target Lowered to C$5.50 at TD Securities

Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective decreased by TD Securities from C$6.00 to C$5.50 in a report published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Morguard Real Estate Inv. Trading Down 0.2 %

Morguard Real Estate Inv. stock opened at C$5.54 on Tuesday. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a 52 week low of C$5.25 and a 52 week high of C$5.81. The company has a market capitalization of C$356.11 million, a price-to-earnings ratio of -3.34 and a beta of 1.40. The stock has a 50-day moving average price of C$5.53 and a 200 day moving average price of C$5.52.

Insider Activity at Morguard Real Estate Inv.

In other Morguard Real Estate Inv. news, insider Morguard Corporation acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of C$5.47 per share, for a total transaction of C$41,028.00. Over the last ninety days, insiders purchased 188,600 shares of company stock worth $1,042,200. 91.79% of the stock is owned by corporate insiders.

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.