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.
Wall Street Analysts Forecast Growth
Separately, TD Securities cut their price objective on shares of Morguard Real Estate Inv. from C$5.50 to C$5.00 and set a "hold" rating on the stock in a report on Monday, May 5th.
Read Our Latest Stock Report on Morguard Real Estate Inv.
Morguard Real Estate Inv. Stock 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 company has a market capitalization of C$360.61 million, a PE ratio of -3.38 and a beta of 1.40. The stock has a 50-day simple moving average of C$5.77 and a 200 day simple moving average of C$5.66.
Insiders Place Their Bets
In other news, insider Morguard Corporation acquired 6,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of C$5.55 per share, with a total value of C$33,300.00. Also, insider Sime Armoyan bought 6,000 shares of the stock in a transaction 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 three months, insiders bought 29,100 shares of company stock valued at $165,839. Insiders own 91.79% of the company's stock.
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.
See Also
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