Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys 4,500 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) insider Sime Armoyan bought 4,500 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of C$5.75 per share, for a total transaction of C$25,875.00.

Sime Armoyan also recently made the following trade(s):

• On Wednesday, July 16th, Sime Armoyan acquired 500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.75 per share, for a total transaction of C$2,875.00.
• On Friday, July 11th, Sime Armoyan acquired 3,400 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.75 per share, for a total transaction of C$19,550.00.
• On Tuesday, July 8th, Sime Armoyan bought 2,600 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.75 per share, for a total transaction of C$14,950.00.
• On Thursday, July 3rd, Sime Armoyan bought 100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.75 per share, for a total transaction of C$575.00.
• On Friday, June 27th, Sime Armoyan bought 6,000 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.74 per share, for a total transaction of C$34,464.00.
• On Thursday, June 26th, Sime Armoyan acquired 1,000 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.75 per share, for a total transaction of C$5,750.00.
• On Friday, June 20th, Sime Armoyan acquired 5,000 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.70 per share, for a total transaction of C$28,500.00.

Morguard Real Estate Inv. Trading Up 0.3%

Shares of TSE MRT.UN traded up C$0.02 on Friday, reaching C$5.77. 4,791 shares of the company traded hands, compared to its average volume of 19,816. Morguard Real Estate Inv. has a fifty-two week low of C$5.30 and a fifty-two week high of C$6.01. The company has a 50 day moving average of C$5.81 and a 200 day moving average of C$5.64. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The stock has a market capitalization of C$370.90 million, a PE ratio of -3.48 and a beta of 1.40.

Analyst Upgrades and Downgrades

Separately, TD Securities decreased their price objective on shares of Morguard Real Estate Inv. from C$5.50 to C$5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th.

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.

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