Shares of Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.58 and traded as high as C$6.01. Morguard Real Estate Inv. shares last traded at C$5.94, with a volume of 315,749 shares traded.
Analysts Set New Price Targets
Separately, TD Securities cut 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.
Check Out Our Latest Stock Analysis on MRT.UN
Morguard Real Estate Inv. Price Performance
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 stock has a market cap of C$383.11 million, a PE ratio of -3.59 and a beta of 1.40. The stock's 50-day moving average is C$5.67 and its two-hundred day moving average is C$5.58.
Insider Buying and Selling
In other Morguard Real Estate Inv. news, insider Morguard Corporation purchased 5,200 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of C$5.50 per share, with a total value of C$28,600.00. In the last quarter, insiders purchased 227,200 shares of company stock valued at $1,250,997. 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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