Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys 8,500 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) insider Morguard Corporation acquired 8,500 shares of Morguard Real Estate Inv. stock in a transaction dated Monday, May 5th. The shares were bought at an average cost of C$5.51 per share, with a total value of C$46,862.20.

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

• On Monday, April 14th, Morguard Corporation bought 40,100 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.55 per share, with a total value of C$222,534.95.
• On Friday, April 11th, Morguard Corporation purchased 7,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.50 per share, for a total transaction of C$40,700.00.
• On Wednesday, April 9th, Morguard Corporation bought 50,000 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.50 per share, with a total value of C$275,000.00.
• On Monday, April 7th, Morguard Corporation bought 25,000 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.50 per share, for a total transaction of C$137,500.00.
• On Friday, April 4th, Morguard Corporation bought 50,000 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price of C$5.48 per share, with a total value of C$274,000.00.
• On Monday, March 31st, Morguard Corporation purchased 3,300 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, with a total value of C$18,150.00.
• On Wednesday, March 26th, Morguard Corporation purchased 20,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.50 per share, for a total transaction of C$112,200.00.
• On Tuesday, March 18th, Morguard Corporation acquired 800 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.50 per share, with a total value of C$4,400.00.
• On Wednesday, March 12th, Morguard Corporation purchased 2,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$13,200.00.
• On Wednesday, March 5th, Morguard Corporation purchased 5,200 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.50 per share, with a total value of C$28,600.00.

Morguard Real Estate Inv. Stock Up 0.7 %

Shares of MRT.UN stock traded up C$0.04 during trading hours on Tuesday, reaching C$5.52. 8,100 shares of the company's stock were exchanged, compared to its average volume of 16,274. Morguard Real Estate Inv. has a 1 year low of C$5.27 and a 1 year high of C$5.85. The stock's fifty day moving average price is C$5.56 and its two-hundred day moving average price is C$5.55. 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 cap of C$354.83 million, a PE ratio of -3.33 and a beta of 1.40.

Analysts Set New Price Targets

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

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.

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