Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.60 and traded as high as C$5.76. Morguard Real Estate Inv. shares last traded at C$5.75, with a volume of 8,500 shares traded.
Analysts Set New Price Targets
Separately, TD Securities lowered their price target on Morguard Real Estate Inv. from C$5.50 to C$5.00 and set a "hold" rating on the stock in a report on Monday, May 5th.
Check Out Our Latest Stock Report on MRT.UN
Morguard Real Estate Inv. Stock Down 0.2%
The company's 50 day moving average price is C$5.74 and its two-hundred day moving average price is C$5.61. 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$366.40 million, a P/E ratio of -3.43 and a beta of 1.40.
Insiders Place Their Bets
In related news, insider Morguard Corporation acquired 6,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of C$5.55 per share, with a total value of C$33,300.00. In the last 90 days, insiders have bought 210,700 shares of company stock worth $1,160,247. Company 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.
Further Reading
Before you consider Morguard Real Estate Inv., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morguard Real Estate Inv. wasn't on the list.
While Morguard Real Estate Inv. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
