Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Shares of Morguard Real Estate Inv. fell below its 200-day moving average of C$5.66, trading as low as C$5.59.
• TD Securities downgraded Morguard's price target from C$5.50 to C$5.00 and maintained a "hold" rating on the stock.
• Insiders have shown confidence by purchasing a total of 29,100 shares valued at approximately C$165,839 over the last three months, with insiders owning 91.79% of the company's stock.

Shares of Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.66 and traded as low as C$5.59. Morguard Real Estate Inv. shares last traded at C$5.61, with a volume of 10,173 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities dropped 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 research note on Monday, May 5th.

Morguard Real Estate Inv. Price Performance

The firm has a market capitalization of C$369.61 million, a PE ratio of -3.46 and a beta of 1.40. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The business has a 50-day moving average price of C$5.75 and a 200-day moving average price of C$5.66.

Insider Activity

In other Morguard Real Estate Inv. news, insider Sime Armoyan purchased 4,500 shares of the business's stock in a transaction on Thursday, July 17th. The shares were bought at an average cost of C$5.75 per share, for a total transaction of C$25,875.00. Insiders acquired 23,100 shares of company stock valued at $132,539 in the last 90 days. 91.79% of the stock is currently owned by company insiders.

Morguard Real Estate Inv. Company Profile

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.