Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.55 and traded as low as C$5.55. Morguard Real Estate Inv. shares last traded at C$5.56, with a volume of 13,900 shares trading hands.
Analysts Set New Price Targets
Separately, TD Securities dropped their target price on shares of Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a "hold" rating on the stock in a report on Tuesday, February 18th.
Check Out Our Latest Stock Analysis on MRT.UN
Morguard Real Estate Inv. Price Performance
The company's 50 day moving average price is C$5.56 and its 200-day moving average price is C$5.56. The company has a market cap of C$361.25 million, a price-to-earnings ratio of -3.39 and a beta of 1.40. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08.
Insider Transactions at Morguard Real Estate Inv.
In related news, insider Morguard Corporation purchased 19,100 shares of the stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of C$5.55 per share, for a total transaction of C$106,005.00. Insiders have bought a total of 268,300 shares of company stock valued at $1,477,990 over the last ninety days. Corporate 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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