Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys C$34,464.00 in Stock

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) insider Sime Armoyan bought 6,000 shares of the firm's stock in a transaction on Friday, June 27th. The shares were bought at an average cost of C$5.74 per share, with a total value of C$34,464.00.

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

• On Thursday, June 26th, Sime Armoyan acquired 1,000 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.75 per share, with a total value of C$5,750.00.
• On Friday, June 20th, Sime Armoyan purchased 5,000 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.70 per share, for a total transaction of C$28,500.00.

Morguard Real Estate Inv. Stock Down 0.2%

MRT.UN stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$5.75. 5,500 shares of the company were exchanged, compared to its average volume of 20,874. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. Morguard Real Estate Inv. has a 1-year low of C$5.30 and a 1-year high of C$6.01. The firm's 50 day simple moving average is C$5.76 and its 200 day simple moving average is C$5.62. The firm has a market cap of C$369.61 million, a P/E ratio of -3.46 and a beta of 1.40.

Analysts Set New Price Targets

Separately, TD Securities cut their price objective 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, May 5th.

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.