Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.01 and last traded at C$5.97, with a volume of 315049 shares trading hands. The stock had previously closed at C$5.96.
Analysts Set New Price Targets
Separately, TD Securities lowered 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.
Check Out Our Latest Analysis on MRT.UN
Morguard Real Estate Inv. Stock Performance
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$383.11 million, a PE ratio of -3.59 and a beta of 1.40. The business's 50 day moving average is C$5.67 and its 200 day moving average is C$5.58.
Insider Transactions at Morguard Real Estate Inv.
In other news, insider Morguard Corporation bought 5,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of C$5.50 per share, for a total transaction of C$28,600.00. Insiders have bought a total of 227,200 shares of company stock valued at $1,250,997 in the last 90 days. Insiders own 91.79% of the company's stock.
About Morguard Real Estate Inv.
(
Get Free Report)
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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