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.
(
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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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