Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.56 and traded as high as C$5.95. Morguard Real Estate Inv. shares last traded at C$5.93, with a volume of 25,210 shares.
Analyst Upgrades and Downgrades
Separately, TD Securities lowered their target price 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 note on Monday, May 5th.
View Our Latest Analysis on Morguard Real Estate Inv.
Morguard Real Estate Inv. Price Performance
The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04. The firm has a market capitalization of C$381.18 million, a price-to-earnings ratio of -3.57 and a beta of 1.40. The business's fifty day simple moving average is C$5.64 and its 200 day simple moving average is C$5.57.
Insider Activity
In other Morguard Real Estate Inv. news, insider Morguard Corporation acquired 8,100 shares of Morguard Real Estate Inv. stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of C$5.50 per share, for a total transaction of C$44,550.00. Insiders acquired 232,700 shares of company stock worth $1,281,247 over the last three months. 91.79% of the stock is currently owned by insiders.
Morguard Real Estate Inv. Company Profile
(
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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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