Morguard Real Estate Inv. (TSE:MRT.UN) Reaches New 52-Week High - Here's What Happened

Key Points

• Morguard Real Estate Investment Trust reached a new 52-week high at C$6.03 before closing at C$5.82, with a trading volume of 8,575 shares.
• The company has a debt-to-equity ratio of 135.58, indicating significant leverage, as well as a market cap of C$379.75 million.
• Insider Sime Armoyan purchased 4,500 shares at C$5.75, contributing to a total of 11,000 shares bought by insiders valued at $63,250 in the last quarter.

Morguard Real Estate Inv. (TSE:MRT.UN - )'s share price reached a new 52-week high on Thursday . The stock traded as high as C$6.03 and last traded at C$5.82, with a volume of 8575 shares trading hands. The stock had previously closed at C$5.83.

Morguard Real Estate Inv. Stock Performance

The firm's 50 day moving average price is C$5.75 and its two-hundred day moving average price is C$5.72. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. The firm has a market cap of C$379.75 million, a PE ratio of -11.21 and a beta of 0.10.

Insider Buying and Selling at Morguard Real Estate Inv.

In other news, insider Sime Armoyan acquired 4,500 shares of Morguard Real Estate Inv. stock in a transaction dated Thursday, July 17th. The shares were acquired at an average cost of C$5.75 per share, for a total transaction of C$25,875.00. In the last quarter, insiders have acquired 11,000 shares of company stock valued at $63,250. 91.79% of the stock is currently owned by company insiders.

About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.