Morguard Real Estate Inv. (TSE:MRT.UN) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Morguard Real Estate Inv. shares crossed above their 200-day moving average, trading at C$5.78, with a peak of C$5.81 during recent sessions.
• Insider activity shows strong confidence, with insider Sime Armoyan purchasing 4,500 shares at an average cost of C$5.75, contributing to a total of 23,100 shares acquired by insiders in the last three months.
• The company operates a diversified portfolio of 49 income-producing properties in Canada and has a market capitalization of C$376.50 million.

Shares of Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.70 and traded as high as C$5.81. Morguard Real Estate Inv. shares last traded at C$5.78, with a volume of 6,695 shares traded.

Morguard Real Estate Inv. Price Performance

The stock has a market capitalization of C$374.54 million, a PE ratio of -11.06 and a beta of 0.10. The firm has a 50 day moving average of C$5.74 and a two-hundred day moving average of C$5.70. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.

Insiders Place Their Bets

In other news, insider Sime Armoyan acquired 6,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average cost of C$5.74 per share, with a total value of C$34,464.00. Over the last ninety days, insiders purchased 23,100 shares of company stock valued at $132,539. Company insiders own 91.79% of the company's stock.

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.