Morguard Real Estate Inv. (TSE:MRT.UN - Free Report) had its target price reduced by TD Securities from C$5.50 to C$5.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.
Morguard Real Estate Inv. Stock Performance
Shares of TSE:MRT.UN traded up C$0.12 during trading on Monday, reaching C$5.67. 57,828 shares of the stock were exchanged, compared to its average volume of 20,735. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The firm has a market cap of C$364.47 million, a PE ratio of -3.42 and a beta of 1.40. The stock has a 50-day moving average price of C$5.57 and a 200-day moving average price of C$5.55. Morguard Real Estate Inv. has a 12 month low of C$5.29 and a 12 month high of C$5.85.
Insider Buying and Selling
In related news, insider Morguard Corporation acquired 8,400 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of C$5.50 per share, with a total value of C$46,200.00. Over the last quarter, insiders have purchased 255,700 shares of company stock worth $1,407,747. Company 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.
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